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

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .