Buy Eurusd from within 1.12507-1.12582 towards 1.13260. | 07 June 2019
07 June 2019, EUR/USD
Technical Observation
EURUSD is above a perfect resistance zone 1.12507-1.12582. This is is a major zone, and while it keeps price above it, I recommend looking for long term but orders towards 1.13260. So far, this pair has endured an unprecedented active uptrend and while this is true, that the price is above 1.12582, I expect a rise towards 1.13260. And on the bears side, in case the price goes below 1.12507, then I will be looking for a long term sell order with an ideal take profit at 1.13349 or even lower to 1.11025.
Trade Signal.
Buy Eurusd from within 1.12507-1.12582 towards 1.13260.
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.
