PELATIHAN TRADING FOREX PEMULA
The pair found renewed bullish momentum after breaking daily resistance at 1.0915 and is inching upwards ever since, currently the pair is trying to break resistance level at 1.1002.
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The pair is trading around 1.0990 levels and it is expected advance further towards 1.1040 and 1.1080 in the short term.
Short pullback around 1.0970 should be taken as buying opportunities, as Euro is stronger against the US dollar in intraday trading.
To the upside, the strong resistance can be seen at 1.1048, a break above this level would take it to upside to next resistance level at 1.1080 handle.
To the downside immediate support can be seen at 1.0965, a break below this level will take the pair to next level at 1.0927 (61.8% Retracement level).
Recommendation: Go long above 1.0840, targets 1.0980, 1. 1030, SL 1.0780
Resistance Levels
R1: 1.0002(38.2% Retracement level)
R2: 1.1048 (23.6%Retracement level)
R3: 1.1081 (July 14th high)
Support Levels
S1: 1.0965
S2: 1.0927 (61.8% Retracement level of 1.0806 to 1.1123)
S3: 1.0866(July 22nd lows)
