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Long towards 1.1448

Long towards 1.1448 | 01 June 2017

01 June 2017, EUR/USD

Long towards 1.1448
Technical Observation
For the past few days, EUR has been rising and could extend further upwards. I expect further ascend towards the resistance line 1.1448 and even a breakout above to continue long. On the weekly chart above, I expect further bullish movements during this week and also during the coming week. My advice, look for long positions towards 1.1448, alternatively, conservative traders could wait and buy upon a clean breach above 1.1448 towards 1.2766.
Technical levels:
Resistance levels
R1: 1.1221
R2: 1.1261
R3: 1.1358
Pivot Point
1.1165
Support Levels
S1: 1.0973
S2: 1.1069
S3: 1.1124
Trade Signal
Long EUR towards 1.1448

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Imelda Maseno
Analyst of «FreshForex» company
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