Maybe long towards 1.1448 | 12 June 2017

12 June 2017, EUR/USD

Maybe long towards 1.1448

Technical Observation

On the weekly chart above, I expect EUR to rise towards 1.1448 where I've placed a pending sell limit with a stop loss slightly above 1.1756 and a Take profit at 1.0443. If this line, 1.1448, is clearly breached to the upper side with a big red candle, I expect further rise upwards towards 1.2766 and even further upwards. My advice, you could wait and short EUR upon a clear rejection from 1.1448 or on a breakout above this line to long EUR.
Technical levels:
Resistance levels
R1: 1.1241
R2: 1.1269
R3: 1.1315
Pivot Point
1.1224
Support Levels
S1: 1.1128
S2: 1.1175
S3: 1.1194
Trade Signal
Maybe long towards 1.1448

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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.
Imelda Maseno
Analyst of «FreshForex» company
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