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Re-buy EUR upon a breakout above 1.1448

Re-buy EUR upon a breakout above 1.1448 | 23 May 2017

23 May 2017, EUR/USD

Technical Observation
EUR is currently trading above its weekly pivot 1.1114. Unless there's a clear a bearish breach below this pivot, I expect a positive move towards resistance line 1.1448 and may breakout above. Should this happen, I'll wait for retracements to the just broken resistance line to re-buy EUR towards 1.12766. On the weekly chart above, I expect further movements towards 1.1448.
Technical levels:
Resistance levels
R1:1.1306
R2: 1.1404
R3: 1.1693
Pivot Point
1.1114
Support Levels
S1: 1.0535
S2: 1.0824
S3: 1.1016
Trade Signal
Long EUR towards 1.1448

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Imelda Maseno
Analyst of «FreshForex» company
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