EURUSD – Up
Technical observation
EUR/USD is still pulling back to the support 1.1539,I expect nothing but a rejection of it at the line for possible bullish momentum towards 1.1849.You can long the pair on the daily chart above at the line with your take profit at 1.1849 and stop loss slightly below 1.1539.Should there be a breach below the line with a big red candle, wait for a correction to it confirming bearish momentum of EUR before you enter short positions with your ideal target at 1.1341,should the price breakout below it too, wait for a pullback to it before you continue short with the pair. Right now wait temporarily for a close at 1.1539.
Technical levels
Resistance levels
R1.1.1667
R2.1.1732
R3.1.1839
Pivot
1.1628
Support levels
S1.1.1561
S2.1.1519
S3.1.1413
Trade signal
Buy EUR/USD at 1.1539 with your take profit at 1.1849 and stop loss slightly below 1.1539.
Do you know against which currencies EUR is the most profitable?
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