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Eur still looks bullish above 1.1144.

Eur still looks bullish above 1.1144. | 26 June 2017

26 June 2017, EUR/USD

Eur still looks bullish above 1.1144.
Technical Observation
EUR is currently trading slightly below its pivot line 1.1207. Despite the other day's forecast that eur would rise towards 1.1448, Eur continues to oscillate around 1.119 but should rise towards 1.1448 this week. For the past two weeks, the weekly candles have had long bullish tails and could act as bullish pin bars,thus, unless the support line 1.1144 is clear broken to the lower side, I expect a rise towards 1.1465. Further long positions may only be recommended if the price breaks out clearly above 1.1448, if this is not the case, then Eur could reverse from 1.1448. My advice, if you're long here, only remain long up to 1.1468.
Technical levels:
Resistance levels
R1: 1.1227
R2: 1.1246
R3: 1.1286
Pivot
1.1207
Support Levels
S1: 1.1127
S2: 1.1167
S3: 1.1188
Trade Signal
Eur still looks bullish above 1.1144

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Imelda Maseno
Analyst of «FreshForex» company
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