> EUR /USD has made short squeeze against US dollar by hitting high at 1.1371 during late Asian hours, after buyers stepped in for a short period of time. However, the gains were limited and the pair fell back towards 1.1315 levels after hitting minor resistance at 1.1371. > Support level at 1.1286 levels is set to hold the bears from falling further, and bring a rebound towards higher levels, therefore it’s good to buy this pair above 1.1280 levels.> To the upside, the strong resistance can be seen at 1.1354, a break above this level would take the pair towards next resistance level at 1.1373 levels.> To the downside immediate support can be seen at 1.1286 levels, a break below this level will open the door towards next level at 1.1250.Recommendation: Go long above1.1290, targets 1.1320, 1.1350, SL 1.1215Resistance LevelsR1: 1.1354 (38.2% Retracement level)R2: 1.1373 (September 14th high)R3: 1.1434 (23.6% Retracement level)Support LevelsS1: 1.1286 (50% Retracement level)S2: 1.1250 (September 11th lows)S3: 1.1225 (61.8% Retracement level)
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