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Buy EUR around 1.1148 towards 1.1448

Buy EUR around 1.1148 towards 1.1448 | 29 May 2017

29 May 2017, EUR/USD

Technical Observation:
On the weekly chart above, the previous week's candle closed slightly below it's opening price and is a perfect indecision candle above a key weekly short term support 1.1146. This week, I expect minor bearish retracements towards this support to rebuy EUR towards 1.1448 where I've placed a pending sell limit. On the weekly chart above, expect pullbacks towards 1.1146 and then a spike 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
Buy EUR upon pulling back towards 1.1148

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Imelda Maseno
Analyst of «FreshForex» company
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