Wait for a break above 1.2508 | 05 Febrero 2018

05 Febrero 2018, EUR/USD

Wait for  a break above 1.2508

Technical Observation:

Eur is currently trading with an increasing bullish momentum. For almost two months, this pair has been rallying up wards but is currently approaching a key resistance level 1.2508. Unless a clear breakout above this weekly resistance is seen, I expect a bounce from it to pick a short position, while if the price should break above, then I expect a surge towards 1.3665 or even higher. As it is on the weekly chart, its good to remain flat and wait for a break above 1.2508 to pick a long position towards 1.3665.

Technical Levels

Resistance levels

R1: 1.2542 R2: 1.2627 R3: 1.2816 Pivot

1.2438

Support Levels

S1: 1.2061 S2: 1.225 S3: 1.2353

Trade Signal Wait for a break above 1.2508 to pick a long position towards 1.3665

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus