Long EUR towards 1.1448 | 05 June 2017
05 June 2017, EUR/USD
Technical Observation
Just as I had forecasted, the beginning of the previous week, EUR rose nearly 100 pips and could still extend further up. This week, I expect a rise towards the weekly resistance line 1.1448 and even a bullish breakout to continue upwards. In case of a breakout, then its good to wait for retracements to re-buy EUR towards 1.2766. Technical levels:
Resistance levels
R1: 1.1241R2: 1.1269
R3: 1.1315
Pivot Point
1.1223
Support Levels S1: 1.1128
S2: 1.1175
S3: 1.1194
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.
