Wait for a clear rejection from 1.1164 to long EUR towards 1.1277 | 09 June 2017

09 June 2017, EUR/USD

Wait for a clear rejection from 1.1164 to long EUR towards 1.1277

Technical Observation

Despite the UK elections resultes, EUR declined only slightly to the lowerside but is currently rallying above a key 4 hour support line 1.1164. On the 4 our chart above, I expect a rejection from both the supportive trendline and the support line 1.1164 to long EUR towards 1.1277. My advice, unless there's a clear breach below 1.1164, long positions seems more ideal. Sell positions can only be recommended upon a clear breakout below the lower trendline towards 1.0648
Technical levels:
Resistance levels
R1: 1.1252
R1:1.1298
R3: 1.1372
Pivot Point
1.1223
Support Levels
S1: 1.1074
S2: 1.1148
S3: 1.1177
Trade Signal
Wait for a clear rejection from 1.1164 to long EUR towards 1.1277

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 .