Long EUR towards 1.0948 | 12 May 2017
12 May 2017, EUR/USD
Technical Observation
Recently, EUR pulled back a but lower but is still within my buy line 1.0850. Unless there's a clear bearish breach below 1.0850, I expect a positive rally to the upperside. In case of a breakout below 1.0850, its better to wait for a pullback to the just broken line to short EUR towards 1.07756. On the 4 Hour chart above, a move towards 1.0948 is expected unless the price breakout clearly below 1.0850. My advice, long EUR towards 1.0948 with your SL below 1.0834 and TP fixed at 1.0948.
Technical levels:
Resistance levels
R1: 1.0874R2: 1.0876
R2: 1.0881
Pivot Point
1.0872
Support Levels
S1: 1.0863S2: 1.0868
S3: 1.087 
Trade Signal
Long EUR towards 1.0948
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.
