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Buy EURUSD now towards 1.21239.

Buy EURUSD now towards 1.21239. | 31 May 2021

31 May 2021, EUR/USD

Buy EURUSD now towards 1.21239.

Technical Observation

Last week, Eurusd tried a break below the zone 1.21760-1.21621 but could not break any lower. While we continue to see sustenance above this level, we are in an active up trend. I recommend looking for long term buy positions expecting a break above 1.22490 towards 1.23239. As it is now, only buy positions looks ideal however, in case the price breaks below 1.21621, then this will be a good place to consider a possible long term sell position expecting a break below 1.20450 towards 1.41810.

Trade Recommendations:

Buy EURUSD now towards 1.21239.

Imelda Maseno
Analyst of «FreshForex» company
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