Still Bullish towards 1.22440. | 19 May 2021

19 May 2021, EUR/USD

Buyers in full control towards 1.22440.

Weekly Analysis

We are yet to see any significant rally to the upperside. However, as we said during the previous trading day, we are still holding onto buyers perspectives, our target is to have price break above 1.22440. If the price breaks above this level, then further momentum much higher is expected with the next ideal target fixed at 1.23 and may breakout much higher. If you are on this chart right now, keep looking for long term buy positions expecting the price to break and close above 1.23 towards 1.24 and may extend much higher.

Trade Recommendations:

Still Bullish towards 1.22440.

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Bob Stan
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