Remain long towards 1.1448 | 24 May 2017

24 May 2017, EUR/USD

Technical Observation:

For the better parts of this week, EUR rose slightly to the upper side but is currently showing signs of pulling back to the lower side. This week, I expect further bearish pullbacks and a continuation to the upper side during the coming week. On the weekly chart above, I expect a long green bar towards 1.1448 and a possible breakout above. My advice, if you went long previously, leave this position open towards 1.1448.

Technical levels: Resistance levels

R1: 1.1244

R2: 1.1303

R3: 1.1397

Pivot Point 1.1209

Support Levels

S1: 1.1022

S2: 1.1116

S3: 1.115

Trade Signal

Remain long towards 1.1448

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.

Anjara

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Imelda Maseno

Analyst of «FreshForex» company

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