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We're buyers towards 1.23262.

We're buyers towards 1.23262. | 25 May 2021

25 May 2021, EUR/USD

We're buyers towards 1.23262.

Technical Observation

Eurusd continues to rally to the upperside and is still showing signs of continuing to the upper side and should break above 1.23282. While the price remains above 1.22310, we expect further rally to the upperside. as it is now, we are looking at the possibility that the price should break above 1.23030. And should the price break below 1.21822, then we will be looking for a possible long term sell positions, a rally much lower will push the price much lower towards 1.20140 or even lower towards 1.17260.

Trade Recommendations:

We're buyers towards 1.23262.

Imelda Maseno
Analyst of «FreshForex» company
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