EURUSD – Up
Technical observation
Yesterday, EUR/USD retraced to the key supportive zone 1.1675-1.1667 twice but could not break below it, it was rejected then went up but not for long.Currently EUR is pulling back to 1.1675-1.1667 and I expect a rejection of it within the zone for possible bullish momentum towards 1.1744 and a breakout above it for a further rise in price. I would advise you long EUR within 1.1675-1.1667 with your ideal target at 1.1744 and stop loss slightly below 1.1667.In case of a clear breach below 1.1667, wait for a pullback to it to confirm bearish movement of price before you enter short positions towards 1.1585.
Technical levels
Resistance levels
R1.1.1749
R2.1.1754
R3.1.1767
Pivot
1.1744
Support levels
S1.1.1737
S2.1.1729
S3.1.1717
Trade signal
Long EUR within 1.1675-1.1667 with your ideal target at 1.1744 and stop loss slightly below 1.1667.
Do you know against which currencies EUR is the most profitable?
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