Buy Eurusd from within 1.12507-1.12582 towards 1.13260. | 07 Juni 2019

07 Juni 2019, EUR/USD

Buy Eurusd from within 1.12507-1.12582 towards 1.13260.

Technical Observation

EURUSD is above a perfect resistance zone 1.12507-1.12582. This is is a major zone, and while it keeps price above it, I recommend looking for long term but orders towards 1.13260. So far, this pair has endured an unprecedented active uptrend and while this is true, that the price is above 1.12582, I expect a rise towards 1.13260. And on the bears side, in case the price goes below 1.12507, then I will be looking for a long term sell order with an ideal take profit at 1.13349 or even lower to 1.11025.

Trade Signal.

Buy Eurusd from within 1.12507-1.12582 towards 1.13260.

Imelda Maseno
Analyst of «FreshForex» company
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