Long towards 1.1448 | 19 June 2017

19 June 2017, EUR/USD

Long towards 1.1448

Technical Observation

EUR is currently trading below its daily pivot line 1.1206. Unless this pivot line is clearly broken to the upper side with a big red candle, I expect a decline in price towards 1.0443. on the weekly chart above, I expect a rise towards the resistance line 1.1448 and even a breakout to the upper side. If this is the case, then we'll wait for a retracement to the just broken line to rebuy this pair. A rejection from 1.1448 may mean a key reversal and could go short for a long time.
Technical levels:
Resistance levels
R1: 1.1227
R2: 1.1246
R3: 1.1286
Pivot
1.1206
Support Levels
S1: 1.1127
S2: 1.1167
S3: 1.1188
Trade Signal
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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