Forex Technical Analysis: Trend potential – Buy at 1.1539

EURUSD – Up

Buy at 1.1539

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.

Do you know against which currencies EUR is the most profitable?

Buy at 1.1539

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