EURUSD – Up Technical Observation: Yesterday, Eur established a hourly support around the zone 1.1845-1.1834, and could not penetrate below it. Today, I expect Eur to trade within a tight range, not going above the hourly resistance 1.1939 or the hour support line 1.1836. A break out of this range will call for breakout trading depending on the direction of breakout. As it on the chart above, intraday traders should be more into buy position with a take profit at 1.1935, if the price breaks above this take profit, then further rise towards 1.20 is expected. Technical Levels Resistance levels R1: 1.2012 R2: 1.2094 R3: 1.2326 Pivot 1.1865 Support Levels S1: 1.1399 S2: 1.1631 S3: 1.178 Trade Signal Long towards 1.1935
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