We're looking for a possible long term buy position towards 1.23270. | 26 Mei 2021

26 Mei 2021, EUR/USD

We're looking for a possible long term buy position towards 1.23270.

Technical Observation

Today, Euro pulled back to the lowerside but is still above a significant support level 1.21768-1.21620. While the price remains above this zone, we are looking for long term buy position. Our expectation is that the price should continue to the upperside and should break above 1.23272 towards 1.25 and may extend much higher. On the flip side, should the price break below 1.21768, then we will be looking for a possible long term sell positions and should break below 1.19886.

Trade Recommendations:

We're looking for a possible long term buy position towards 1.23270.

Imelda Maseno
Analyst of «FreshForex» company
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