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We're long within 1.1302-1.1286

We're long within 1.1302-1.1286 | 13 June 2019

13 June 2019, EUR/USD

Technical observation

Instead of rising as had been predicted yesterday, EUR corrected itself to the supportive zone it established around 1.1302-1.1286 but could not penetrate below it, price was rejected and is currently trading on an increasing bullish momentum and I expect this upwards movement to continue towards the resistance line 1.1537. I’m looking to buy this pair right now within the zone 1.1302-1.1286 with my take profit at 1.1537 and stop loss at 1.1226. In case there’s a clear penetration above the zone 1.1557-1.1537 then more bullish price rally towards the highest key level 1.1802 can be expected.

Trade recommendation

Buy EUR within 1.1302-1.1286 with your take profit at 1.1537 and stop loss at 1.1226.

Imelda Maseno
Analyst of «FreshForex» company
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