Long towards 1.1448 | 01 June 2017

01 June 2017, EUR/USD

Technical Observation

For the past few days, EUR has been rising and could extend further upwards. I expect further ascend towards the resistance line 1.1448 and even a breakout above to continue long. On the weekly chart above, I expect further bullish movements during this week and also during the coming week. My advice, look for long positions towards 1.1448, alternatively, conservative traders could wait and buy upon a clean breach above 1.1448 towards 1.2766.

Technical levels:

Resistance levels

R1: 1.1221

R2: 1.1261

R3: 1.1358

Pivot Point

1.1165

Support Levels

S1: 1.0973

S2: 1.1069

S3: 1.1124

Trade Signal

Long EUR 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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