EURUSD – Up
On the 4H chart above, EUR/USD pulled back downwards yesterday to the resistance zone 1.1681-1.1670 where I’m looking for a buy position. Price bounced from the 4hour support zone and is currently rising towards the resistance 1.1824.I expect a rise to 1.1824 and a breakout above it for further bullish momentum towards 1.1990 or even further up to 1.2134.Im looking to long the pair now within the zone with my ideal target at 1.1824 and stop loss slightly below 1.1670.On your way upwards the key lines to look for are, 1.1824, 1.1990, 1.2134 and 1.2422, short position may only be advisable below 1.1681-1.1670.
Long EUR now with your take profit at 1.1824 and stop loss slightly below 1.1670.
Do you know against which currencies EUR is the most profitable?
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