Buy around 1.1540 | 03 September 2018

03 September 2018, EUR/USD

Buy around 1.1540

Technical observation

After the breach above the line 1.1540, EUR/USD corrected to it once before rallying up, currently price is correcting to it for the second time and I expect a rejection of it at the line for possible bullish momentum towards 1.1849.In case of a breakout below 1.1540 with a big red candle, wait for a correction to it confirm bearish momentum of price before you enter short positions just to ensure it is not a false breakout. You can also still short the pair on the daily chart above within 1.1872-1.1849 toward s 1.1540 in case of a rejection of price within it.Right now wait for a correction to 1.1540 to buy EUR.

Technical levels

Resistance levels

R1.1.1667

R2.1.1732

R3.1.1839

Pivot

1.1626

Support levels

S1.1.1561

S2.1.1519

S3.1.1413

Trade signal

Buy EUR/USD around 1.1540 with your take profit at 1.1540 and stop loss around 1.1435.

Do you know against which currencies EUR is the most profitable?

Buy around 1.1540

More trading assets here...

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .