Buy a breakout above 1.1883 | 27 December 2017

27 December 2017, EUR/USD

Buy a breakout above 1.1883
Technical Observation:
Eur is currently being resisted by the hourly resistance zone 1.1883-1.1880. I expect a breakout above this zone to pick a long position towards 1.2010 or even higher. On the way upwards, the key lines to look for include 1.1887, 1.1895, and 1.1910. A break above these lines will push the price further upwards towards 1.2010. As it is, I expect a pullback to the lower side before a clear breakout above 1.1883, that means, remaining flat temporarily and waiting for this breakout to pick a buy trade.
Technical Levels
Resistance levels
R1: 1.1883
R2: 1.1887
R3: 1.1895
Pivot
1.188
Support Levels
S1: 1.1866
S2: 1.1873
S3: 1.1876
Trade Signal
Buy a breakout above 1.1883 towards 1.2010

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .