Technical Analysis Based on Breakout – Long EUR towards 1.1141

EURUSD – Up Technical Observation: EUR retraced back into my buy area, 1.0866-1.0882 but failed to penetrate below it. I went long following this bounce and is still holding onto this buy trade towards 1.0925 or 1.0949. A clean break above the latter may push the price further towards 1.1141. On the daily chart, this long position is most ideal and should run for long term. My advice, if you went long around the buy area above, hold onto this position with your SL slightly below the previous day’s lowest low 1.0852 and TP at 1.1141. Technical levels: Resistance levels R1: 1.0952 R2: 1.1 R3: 1.1096 Pivot Point 1.0904 Support Levels S1: 1.0712 S2: 1.0808 S3: 1.0857 Trade Signal Long EUR towards 1.1141
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