Re-buy EUR upon a breakout above 1.1448 | 23 May 2017

23 May 2017, EUR/USD

Technical Observation
EUR is currently trading above its weekly pivot 1.1114. Unless there's a clear a bearish breach below this pivot, I expect a positive move towards resistance line 1.1448 and may breakout above. Should this happen, I'll wait for retracements to the just broken resistance line to re-buy EUR towards 1.12766. On the weekly chart above, I expect further movements towards 1.1448.
Technical levels:
Resistance levels
R1:1.1306
R2: 1.1404
R3: 1.1693
Pivot Point
1.1114
Support Levels
S1: 1.0535
S2: 1.0824
S3: 1.1016
Trade Signal
Long EUR towards 1.1448

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.