EURUSD – Up
Technical observation
EUR/USD is on an upward trend, price retraced to the key support zone 1.1597-1.1513 and could not penetrate below it, it was rejected then went up last week and is still rising towards the resistance 1.2422.I expect a rise to 1.2422 and a clear breakout above it with a big green candle for a further rise in price. If you bought the pair last week, remain long with your ideal target still at 1.2422 and stop loss slightly below 1.1513.If you had not traded the pair yet, you can still long EUR now with your take profit at 1.2422.In case of a break below 1.1513,wait for a correction to it before you short EUR.
Technical levels
Resistance levels
R1.1.1786
R2.1.185
R3.1.2021
Pivot
1.168
Support levels
S1.1.1616
S2.1.151
S3.1.134
Trade signal
Remain long
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