Buy EURUSD now towards 1.21239. | 31 May 2021
31 May 2021, EUR/USD
Technical Observation
Last week, Eurusd tried a break below the zone 1.21760-1.21621 but could not break any lower. While we continue to see sustenance above this level, we are in an active up trend. I recommend looking for long term buy positions expecting a break above 1.22490 towards 1.23239. As it is now, only buy positions looks ideal however, in case the price breaks below 1.21621, then this will be a good place to consider a possible long term sell position expecting a break below 1.20450 towards 1.41810.
Trade Recommendations:
Buy EURUSD now towards 1.21239.
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.
