EURUSD – Up
Technical observation
For several days now the pair on the daily chart above is still rallying above the support 1.1539,I expect a correction to it for the third time and a rejection of it at the line for possible bullish movement of price towards the resistance zone 1.1872-1.18409, I’m looking to buy this pair at 1.1539 after a rejection at it with my take profit at 1.1849 and stop loss slightly below 1.1539.You can still short this pair within 1.1872-1.18409 in case there’s a rise to it and a rejection within it. Continue long after a breakout above 1.1872-1.18409 followed by a correction to it confirming a further rise in price.
Technical levels
Resistance levels
R1.1.169
R2.1.1756
R3.1.1858
Pivot
1.1655
Support levels
S1.1.1588
S2.1.1554
S3.1.1452
Trade signal
Wait for a correction to 1.1539.
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