20 September 2017, EUR/USD
Technical Observation:
Eur continues to rally within a tight range but is currently showing signs of picking a momentum to the upper side. Today, I expect a bullish rise towards the 4 hour resistance line 1.2069 and even a breakout above it to continue long towards 1.2490. As it is, Eur is good for buying and therefore only a perfect buy position is worth waiting for. On its way upwards, key resistance lines can be seen around 1.2069, 1.2135 and 1.2490. If these lines are broken, then a rise towards 1.2500 will be the next ideal move.
Technical levels
Resistance levels:
R1: 1.2039
R2: 1.213
R3: 1.2322
Pivot:
1.1938
Support Levels:
S1: 1.1554
S2: 1.1746
S3: 1.1846
Trade Signal:
Look for long positions towards 1.2490
Remain flat and wait for a clear buy signal with your take profit at 1.4602
20 September 2017, GBP/USD
Technical Observation:
Since the previous week's candle, Gbp has not made any note able significant move to the upside, instead, there has just been a slight correction to the lower side and may continue short temporarily, as it, I choose to remain flat and wait for the current retracement to end around 1.3303. Then pick a buy position towards 1.4602. As it is, my advice is to remain flat and wait for a clear buy signal. Especially if the price can plummet towards 1.3291, then this will be the best place to place a buy limit order
Since the previous week's candle, Gbp has not made any note able significant move to the upside, instead, there has just been a slight correction to the lower side and may continue short temporarily, as it, I choose to remain flat and wait for the current retracement to end around 1.3303. Then pick a buy position towards 1.4602. As it is, my advice is to remain flat and wait for a clear buy signal. Especially if the price can plummet towards 1.3291, then this will be the best place to place a buy limit order
Technical levels
Resistance levels:
R1: 1.355
R2: 1.3593
R3: 1.3676
R1: 1.355
R2: 1.3593
R3: 1.3676
Pivot:
1.3509
Support Levels:
S1: 1.3342
S2: 1.3426
S3: 1.3467
Trade Signal:
Remain flat and wait for a clear buy signal with your take profit at 1.4602
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/technical-analysis-based-on-breakout/issue_124968.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfra&ff_mrk=rss
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Check the website for more information: https://freshforex.com/analitics/fresh-forecast/technical-analysis-based-on-breakout/issue_124968.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfra&ff_mrk=rss
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