EURUSD – Up
Technical observation
The pair on the daily chart above is on a upward movement with a retracement at a support 1.1539.Currently price is correcting to the support and I expect a rejection of it at it for upward movement of EUR towards 1.1849 and a possible breakout above it for a further rise in price towards 1.2131 or even higher to 1.2422. My advice, wait for the close at 1.1539 then pick long positions at it with your take profit at 1.1849 and stop loss around 1.1440.Shoul there be a breach below 1.1539, wait for correction to it to confirm bearish movement of EUR before you short the pair towards 1.1341.
Technical levels
Resistance levels
R1.1.1619
R2.1.1684
R3.1.1784
Pivot
1.1584
Support levels
S1.1.1519
S2.1.1485
S3.1.1385
Trade signal
Buy EUR at 1.1539 with your take profit at 1.1849 and stop loss around 1.1440.
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