Buy EUR now within the zone 1.1178-1.1176 | 03 June 2019
03 June 2019, EUR/USD
Technical observation
On the hourly chart above, price went above a resistance line 1.1143 with a big green candle, it the corrected to the same line and was contained above it before rising to a resistance zone 1.1178-1.1176 and even penetrating above it. Price has been correcting to the just broken zone and is currently trading within it on an increasing bearish momentum. I expect a loss of this movement within the zone for possible bullish price rally towards the zone 1.1217-1.1213. Buy EUR now within the zone 1.1178-1.1176 with your take profit at 1.1213 and stop loss at 1.1165, continue long after a clear breakout above 1.1217-1.1213.
Trade recommendation
Buy EUR now within the zone 1.1178-1.1176 with your take profit at 1.1213 and stop loss at 1.1165.
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.
