EURUSD – Up Technical Observation Despite the bullish pin bar seen on the weekly chart last week, yesterday, Eur plummented slightly to the lowerside and may still plumment today. I expect this drop in price to be retracement move and could drop further towards the now weekly support line 1.1459. If the price can get to this support, then this will be the best place to pick a long position with a take profit at 1.2558. For risk management purposes, position traders should place a pending buy limit order around 1.1459. Technical levels: Resistance levels R3:1.18832 R2:1.18341 R1:1.18021 Pivot 1.17532 Support Levels S1:1.17210 S2:1.16719 S3:1.16399 Trade Signal Place a pending buy limit order around 1.1459
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