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Wait | 04 May 2021

04 May 2021, EUR/USD

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Technical Observation

On the symbol EURUSD, my main focus is on the weekly charts. On this timeframe, the key lines am looking for include 1.24500, 1.22343,1.18996,1.16045,1.13432 and 1.08016. Currrently the price is within a minor range 1.22343-1.18996. If the price can bounce off from the upper range limit 1.22343, then this will be a good place to consider a possible long term sell position and if the price bounces off from the lower limit, then this will be a good place to consider a possible buy position.

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Imelda Maseno
Analyst of «FreshForex» company
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