Technical Analysis Based on Breakout – Long EUR around 1.0841 towards 1.1139

EURUSD – Up Technical Observation: Recently, EUR entered into an expanding wedge and is currently bouncing off from the the wedge’s diagonal trend line. I expect a possible bounce from this trendline to long EUR towards 1.0914. That said, if this pair can breakout below this trend line, I expect a bounce from the support line 1.0841 to re-buy EUR towards 1.0918. I will only reconsider sell positions in case of a clean breakout below 1.0841 and then a retest. My advice, buy along this trend line or around 1.0841-1.0837, your SL is either cases should be below the recent lowest low 1.0816. Technical levels: Resistance levels R1: 1.0919 R2: 1.0967 R3: 1.1048 Pivot Point 1.0885 Support Levels S1: 1.0722 S2: 1.0803 S3: 1.0837 Trade Signal Long EUR around 1.0841 towards 1.1139
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