15 Tháng Năm 2017, EUR/USD
Technical Observation
Recently EUR Spiked higher as I forecasted and is likely to rise even higher. I expect a breakout above the resistance line 1.0949, and then a retracement to the just broken line to re-buy EUR towards 1.1144. On the 4 hour chart above, bulls seems to have full control over the market and shorting EUR may not be recommended. My advice, either remain long or wait for a breakout above 1.0949 and then a retracement to long EUR towards 1.1144. Technical levels:
Resistance levels
R1: 1.1045
R2: 1.1048
R3: 1.1096
Pivot Point
1.0997
Support Levels
S1: 1.0943
S2: 1.0946
S3: 1.0994
Trade Signal
Long EUR towards 1.1144