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Long EUR towards 1.1015

Long EUR towards 1.1015 | 11 May 2017

11 May 2017, EUR/USD

Long EUR towards 1.1015
Technical Observation
Recently, EUR retraced back into my buy area and is currently protected from continuing short below 1.0859. This level will possibly act as bounce place and could push the price to the upper side. On the 4 Hour chart above, unless there's a clear bearish breach below my buy area, I leave the buy position I excuted here open. My advice, buy within this buy area with your SL slightly below 1.0859 and TP above 1.1015.
Technical levels:
Resistance levels
R1: 1.0892
R2: 1.0917
R3: 1.0962
Pivot Point
1.0873
Support Levels
S1: 1.0783
S2: 1.0828
S3: 1.0847
Trade Signal
Long EUR towards 1.1015

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Imelda Maseno
Analyst of «FreshForex» company
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