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

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Imelda Maseno
Analyst of «FreshForex» company
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