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Remain long towards 1.23286.

Remain long towards 1.23286. | 28 May 2021

28 May 2021, EUR/USD

Remain long towards 1.23286.

Technical Observation

MACD is currently showing the possibility that the price is in an active up trend. While the price remains above 1.21804, we expect nothing but a possible rally to the upperside, if the price breaks above 1.23286, then we may continue to the upperside. Ideally, should the price break below 1.21604, then we will be looking for a sell expecting the price to break below 1.19850 towards 1.17155. On its way downwards, the key levels to look for include 1.18830 to the lowerside.

Trade Recommendations:

Remain long towards 1.23286.

Imelda Maseno
Analyst of «FreshForex» company
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