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Buy EUR now within 1.1245-1.1235

Buy EUR now within 1.1245-1.1235 | 15 June 2020

15 June 2020, EUR/USD

Buy EUR now within 1.1245-1.1235

Technical observation

On the chart above, price retraced to a supportive zone 1.1245-1.1235 and was contained above it. Right now within the zone mentioned above is the ideal place to pick long positions with your take profit at the level 1.1484. If this take profit is broken above with a big green candle, I expect further bullish movements of this pair towards the resistance line 1.1506. In case there is a break below the zone 1.1245-1.1235 with a big red candle, I expect a surge to the lower side towards the supportive zone 1.1041-1.1030. However, as long as EUR is contained above 1.1245-1.1235, only bullish movements can be expected.

Trade recommendation

Buy EUR now within 1.1245-1.1235 with your take profit at 1.1484.

Imelda Maseno
Analyst of «FreshForex» company
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