Look for long positions towards 1.2490 | 20 September 2017
20 September 2017, EUR/USD
Technical Observation:
Eur continues to rally within a tight range but is currently showing signs of picking a momentum to the upper side. Today, I expect a bullish rise towards the 4 hour resistance line 1.2069 and even a breakout above it to continue long towards 1.2490. As it is, Eur is good for buying and therefore only a perfect buy position is worth waiting for. On its way upwards, key resistance lines can be seen around 1.2069, 1.2135 and 1.2490. If these lines are broken, then a rise towards 1.2500 will be the next ideal move.
Technical levels:
Resistance levels
R1: 1.2039
R2: 1.213
R3: 1.2322
Pivot
1.1938
Support Levels
S1: 1.1554
S2: 1.1746
S3: 1.1846
Trade Signal
Look for long positions towards 1.2490
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
