We're long within 1.1302-1.1286 | 13 June 2019

13 June 2019, EUR/USD

Technical observation

Instead of rising as had been predicted yesterday, EUR corrected itself to the supportive zone it established around 1.1302-1.1286 but could not penetrate below it, price was rejected and is currently trading on an increasing bullish momentum and I expect this upwards movement to continue towards the resistance line 1.1537. I’m looking to buy this pair right now within the zone 1.1302-1.1286 with my take profit at 1.1537 and stop loss at 1.1226. In case there’s a clear penetration above the zone 1.1557-1.1537 then more bullish price rally towards the highest key level 1.1802 can be expected.

Trade recommendation

Buy EUR within 1.1302-1.1286 with your take profit at 1.1537 and stop loss at 1.1226.


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.
Imelda Maseno
Analyst of «FreshForex» company
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