Long EUR towards 1.0866 | 20 April 2017
20 April 2017, EUR/USD
Technical Observation:
Nothing has changed much since my previous forecast; The pending buy limit order that I place at 1.0701, was opened and now I'm up 38pips. From both the 4 hour and daily charts, an upward rise towards 1.0766 is still pending. My advice therefore, if you went long around 1.0701, remain long with your TP at 1.0766 and 1.0891 respectively. If the price can breach above the last TP profit, then you're good to remain long towards 1.1142.
Technical levels: Resistance levels
R1:1.0753R2:1.0764
R2:1.0791
Pivot Point 1.0737 Support Levels
S1: 1.0643S2: 1.068
S3: 1.0698
Trade Signal
Long EUR from 1.0701 towards 1.07660
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.
