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Buy EUR at 1.1403 with your take profit at 1.1489

Buy EUR at 1.1403 with your take profit at 1.1489 | 21 March 2019

21 March 2019, EUR/USD

Buy EUR at 1.1403 with your take profit at 1.1489

Technical observation

EUR rose steadily penetrating above a resistance line 1.1403 with a big green candle. Currently price is correcting to the just broken line and my expectation is a bounce at the line for possible bullish price rally towards the key line 1.1489 and a possible breach above it for a further rise in price. Buy EUR at 1.1403 after a bounce with your take profit at 1.1489 and stop loss at 1.1368.In case of a clear breakout above 1.1489, continue long after a correction to the just broken key line. Currently on the 4 hour chart above, only long positions look ideal and may be recommended towards 1.1849 or even higher above.

Trade recommendation

Buy EUR at 1.1403 with your take profit at 1.1489 and stop loss at 1.1368.

Imelda Maseno
Analyst of «FreshForex» company
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