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Remain long with your take profit at 1.2492.

Remain long with your take profit at 1.2492. | 26 December 2017

26 December 2017, EUR/USD

Remain long with your take profit at 1.2492.

Technical Observation:

Still nothing much happening on this pair. Following last week's intensive rise, I expect further rise towards 1.2140 and may breakout higher towards 1.2492 . As it is on the weekly chart above, long positions look more ideal and can be recommended especially while the price is still above last week's close. On the way upwards, the key lines to look for include 1.2140, 1.2275 and 1.2492. If these lines are breached, then I expect a rise towards 1.30 or even higher.

Technical Levels

Resistance levels

R1: 1.1860

R2: 1.1952
R3: 1.2012
Pivot
1.1798
Support Levels
S1: 1.1441
S2: 1.1650
S3: 1.1712
Trade Signal
Remain long with your take profit at 1.2492.

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Imelda Maseno
Analyst of «FreshForex» company
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