EURUSD – Up
The pair on the daily chart above Is on an upward trend, price broke above a resistance zone1.1725-1.1661,price then retraced to the broken zone thrice before racing up towards a resistance 1.2513 but it could not penetrate above it and was rejected. Currently price is within the support zone 1.1725-1.1661 and I don’t expect a breakout below it but a rejection from it for possible bullish momentum towards 1.2513 and a breakout above it for a further rise in price towards 1.2998.Only long positions look ideal and I would advise buy long EUR/USD now with your ideal target at 1.2513 and stop loss around 1.1387.
Buy EUR now with your take profit at 1.2513 and stop loss around 1.1387.
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