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Maybe long towards 1.1448

Maybe long towards 1.1448 | 12 June 2017

12 June 2017, EUR/USD

Maybe long towards 1.1448

Technical Observation

On the weekly chart above, I expect EUR to rise towards 1.1448 where I've placed a pending sell limit with a stop loss slightly above 1.1756 and a Take profit at 1.0443. If this line, 1.1448, is clearly breached to the upper side with a big red candle, I expect further rise upwards towards 1.2766 and even further upwards. My advice, you could wait and short EUR upon a clear rejection from 1.1448 or on a breakout above this line to long EUR.
Technical levels:
Resistance levels
R1: 1.1241
R2: 1.1269
R3: 1.1315
Pivot Point
1.1224
Support Levels
S1: 1.1128
S2: 1.1175
S3: 1.1194
Trade Signal
Maybe long towards 1.1448

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Imelda Maseno
Analyst of «FreshForex» company
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