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Look for buy orders towards 1.112400.

Look for buy orders towards 1.112400. | 24 May 2019

24 May 2019, EUR/USD

We're sellers.

Technical Observation

Yesterday, our stop was taken out when the price hit the lows of 1.111000 but ended up closing above the upper trendline. As I stated on the previous trading day, following the bounce, we're now upwards, I'm expecting a possible rally to the upperside with my first take profit along the upper trendline. On its way upwards the key lines to look for include 1.112400, 1.13300 and 1.14210. On this chart, I recommend looking for buy orders towards the first take profit any break higher will push the price even higher.

Trade Signal

Look for buy orders towards 1.112400.

Imelda Maseno
Analyst of «FreshForex» company
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