Long Euro towards 1.0770 | 21 April 2017
21 April 2017, EUR/USD
Technical Observation:
Recently, the price retraced for the second time to the just broken retracement zone 1.0709-1.0677. From the above 4Hour chart, a long position is looming. Unless this equilibrium zone is clear breached to the lower side, that is below 1.0677, I'm long towards 1.0770. I will place my ST slightly below 1.0697 and my TP fixed at 1.0770. I may only reconsider short positions a upon a clear bearish breach below 1.0677.
Technical levels:
Resistance levels
R1: 1.0734
R2: 1.074
R3: 1.0758
Pivot Point
1.0722
Support Levels
S1: 1.0686S2: 1.0704
S3: 1.0715
Trade Signal
Long Euro towards 1.0770
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.
