73
Currency Analyst since 2010

EUR/USD: trade idea for Sep. 2

  Felipe Erazo

The EURUSD has encountered resistance near the level of 1.3145, where the pair performed a pullback now to strengthen the resistance level of 1.3137 in the H1 chart.

This pair is forming a lower low pattern above the support level of 1.3119. If this pair consolidate below that level, it would be expected to fall until the support level of 1.3081, touching new weekly low levels. The RSI indicator remains in negative territory.

Trading recommendations: Put sell orders if the EURUSD does a breakout at the support level of 1.3119, with take profit at 1.3081.

EUR
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