We're buyers towards 1.22650 | 27 May 2021
27 May 2021, EUR/USD
Technical Observation
Eurusd just bounced off from the lower trendline and is currently heading to the upperside. While the price remains above this trendline, I expect nothing but a possible momentum to the upperside. If you are looking at this at the moment, please watch for a possible buy positions with our stoploss below 1.21715 and take profit set at 1.22650. A break above this level will push the price much higher with the next ideal target set at 1.23 and may extend much higher towards 1.25.
Trade Recommendations:
We're buyers towards 1.22650
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.
