Remain long towards 1.23286. | 28 May 2021
28 May 2021, EUR/USD
Technical Observation
MACD is currently showing the possibility that the price is in an active up trend. While the price remains above 1.21804, we expect nothing but a possible rally to the upperside, if the price breaks above 1.23286, then we may continue to the upperside. Ideally, should the price break below 1.21604, then we will be looking for a sell expecting the price to break below 1.19850 towards 1.17155. On its way downwards, the key levels to look for include 1.18830 to the lowerside.
Trade Recommendations:
Remain long towards 1.23286.
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.
