EURUSD – Up
Technical observation
During the previous weeks,EUR/USD has been pulling back to the support zone 1.1725-1.1633 and it is currently perfectly within it, price has been rejected within the zone and is showing signs of bullish momentum towards 1.2435,I expect a rise towards 1.2435 and a breakout above it for further bullish momentum towards 1.2998.You can long the pair now within the zone with your take profit at 1.2435 and stop loss around 1.1366.If price goes below 1.1633 with a big red candle, wait for a correction to it to confirm downward movement of price before you short the pair with your ideal target at 1.0860.
Technical levels
Resistance levels
R1.1.1755
R2.1.1852
R3.1.2071
Pivot
1.1633
Support levels
S1.1.1536
S2.1.1414
S3.1.1195
Trade signal
Long EUR now with your take profit at 1.2435 and stop loss around 1.1366.
101% Double the volume
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