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Long EUR towards 1.1141.

Long EUR towards 1.1141. | 10 May 2017

10 May 2017, EUR/USD

Long EUR towards 1.1141.
Technical Observation
Recently, EUR plunged lower into my buy area 1.0859-1.0882 and is currently stalling around this zone.I expect a rejection from this zone to buy EUR towards 1.1141. A clear bearish breach below 1.0859 will push the price lower. On the 4Hour chart above, sell positions may not be ideal at the moment, instead, I'll long positions seems more ideal and safer unless there's a clean breach below this zone. My advice, long EUR with you SL slightly below 1.0859 and TP fixed at 1.1141.
Technical levels:
Resistance levels
R1:1.0974
R2: 1.1026
R3: 1.1107
Pivot Point
1.0945
Support Levels
S1: 1.0784
S2: 1.0864
S3: 1.0893
Trade Signal
Long EUR towards 1.1141.

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Imelda Maseno
Analyst of «FreshForex» company
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