Remain long towards 1.1537 | 12 June 2019

12 June 2019, EUR/USD

Technical observation

Yesterday EUR went up as predicted and I still expect more of this bullish momentum of price towards the resistance zone 1.1557-1.1537, if you went long within the supportive zone 1.1302-1.1286 yesterday, remain in the trade with your take profit at 1.1537 and stop loss at 1.1220, if you are not in a trade yet, you can still buy this pair now but if you are a bit sceptic to do so, wait for another correction to the zone 1.1302-1.1286 and a rejection within it to buy EUR.AS long as the pair on the daily chart above is contained above the zone 1.1302-1.1286, only long positions look ideal and may be recommended.

Trade recommendation

Remain long with your take profit at 1.1537.

Imelda Maseno
Analyst of «FreshForex» company
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