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Long EUR towards 1.1448

Long EUR towards 1.1448 | 05 June 2017

05 June 2017, EUR/USD

Long EUR towards 1.1448
Technical Observation
Just as I had forecasted, the beginning of the previous week, EUR rose nearly 100 pips and could still extend further up. This week, I expect a rise towards the weekly resistance line 1.1448 and even a bullish breakout to continue upwards. In case of a breakout, then its good to wait for retracements to re-buy EUR towards 1.2766.
Technical levels:
Resistance levels
R1: 1.1241
R2: 1.1269
R3: 1.1315
Pivot Point
1.1223
Support Levels S1: 1.1128
S2: 1.1175
S3: 1.1194
Trade Signal
Long EUR towards 1.1448

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Imelda Maseno
Analyst of «FreshForex» company
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