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Buyers in full control towards 1.22440.

Buyers in full control towards 1.22440. | 18 May 2021

18 May 2021, EUR/USD

Buyers in full control towards 1.22440.

Weekly Analysis

Euro continues to gain value but is still below the weekly resistance level 1.22440. As long as the price does not clearly break and close above this level, this remains to be a good place to consider a possible sell position from, The idea is to hold onto buyers perspectives expecting the price to break and close above this level towards 1.23 and may extend much higher. On the flipside, if the price moves to the lowerside and instead breaks below 1.19013, then we will be looking for long term sell positions towards 1.1592.

Trade Recommendations:

Buyers in full control towards 1.22440.

This is the seventh portfolio developed by FreshForex specialists. Each of the previous six portfolios showed positive results, with a total return of 86.2%.

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Bob Stan
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