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Bullish pin bar on the 4 hour chart

Bullish pin bar on the 4 hour chart | 23 November 2017

23 November 2017, EUR/USD

Bullish pin bar on the 4 hour chart
Technical Observation:
Recently, eur traded on the higher ranges and is currently still very bullish. I expect a rise towards the 4 hour resistance line 1.1677 or even higher. The from the current chart set up and structure, Eur is very bullish and should continue rise with a key hurdle being seen at 1.1677. Should the price break above 1.1677, then further rise towards 1.2075 is expected. As at the moment, you may consider a buy position towards 1.1677, where we'll be looking for a potential trade.
Technical Levels
Resistance levels
R1: 1.3285
R2: 1.3323
R3: 1.3405
Pivot
1.3245
Support Levels
S1: 1.3078
S2: 1.316
S3: 1.3203
Trade Signal
Long with your take profit at 1.1877

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Imelda Maseno
Analyst of «FreshForex» company
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