Remain long towards 1.22353. | 24 May 2021
24 May 2021, EUR/USD
Technical Observation
Eurusd is currently within a range 1.21685-1.22353. While the price remains within this range, we are waiting for a rebound from 1.22353 to pick a sell and a rebound from 1.21685 to pick a buy position. In case of a break above 1.22353, then we will be expecting further rally to the upperside towards 1.23456, And on the lowerside, in case the price breaks below 1.21685, then we will be expecting further momentum to the lowerside with the next ideal target set around 1.20607 and may breakout even lower.
Trade Recommendations:
Remain long towards 1.22353.
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.
