Long EUR towards 1.1141 | 27 April 2017

27 April 2017, EUR/USD

Long EUR towards 1.1141
Technical Observation:
EUR retraced back into my buy area, 1.0866-1.0882 but failed to penetrate below it. I went long following this bounce and is still holding onto this buy trade towards 1.0925 or 1.0949. A clean break above the latter may push the price further towards 1.1141. On the daily chart, this long position is most ideal and should run for long term. My advice, if you went long around the buy area above, hold onto this position with your SL slightly below the previous day's lowest low 1.0852 and TP at 1.1141.
Technical levels:
Resistance levels
R1: 1.0952
R2: 1.1
R3: 1.1096
Pivot Point
1.0904
Support Levels
S1: 1.0712
S2: 1.0808
S3: 1.0857
Trade Signal
Long EUR towards 1.1141

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Imelda Maseno
Analyst of «FreshForex» company
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