Long above 1.1267 towards 1.1448 | 25 May 2017

25 May 2017, EUR/USD

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

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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