Long above 1.1267 towards 1.1448 | 25 May 2017

25 May 2017, EUR/USD

Long above 1.1267 towards 1.1448
Technical Observation
On 22nd Monday this week, EUR formed a perfect bullish candle on the daily chart. However, the following day, the price dropped but is currently recovering, I'm waiting for a breakout above 1.1267 to confirm a bullish rise towards 1.1448. A clear breakout above 1.1448 will push the price further up towards 1.2766. On the weekly chart above, long positions towards 1.1448
Technical levels:
Resistance levels
R1: 1.1238
R2: 1.1259
R3: 1.1314
Pivot Point
1.1203
Support Levels
S1: 1.1092
S2: 1.1148
S3: 1.1183
Trade Signal
Long EUR owards 1.1448
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Imelda Maseno
Analyst of «FreshForex» company
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