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Long EUR towards 1.0948

Long EUR towards 1.0948 | 12 May 2017

12 May 2017, EUR/USD

Long EUR towards 1.0948
Technical Observation
Recently, EUR pulled back a but lower but is still within my buy line 1.0850. Unless there's a clear bearish breach below 1.0850, I expect a positive rally to the upperside. In case of a breakout below 1.0850, its better to wait for a pullback to the just broken line to short EUR towards 1.07756. On the 4 Hour chart above, a move towards 1.0948 is expected unless the price breakout clearly below 1.0850. My advice, long EUR towards 1.0948 with your SL below 1.0834 and TP fixed at 1.0948.
Technical levels:
Resistance levels
R1: 1.0874
R2: 1.0876
R2: 1.0881
Pivot Point
1.0872
Support Levels
S1: 1.0863
S2: 1.0868
S3: 1.087
Trade Signal
Long EUR towards 1.0948
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Imelda Maseno
Analyst of «FreshForex» company
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