Long EUR above 1.0930 towards 1.1142 | 03 Mei 2017
03 Mei 2017, EUR/USD
Technical Observation:
Recently, EUR failed to retrace towards the lower trend line, rather, it rallied on the higher ranges and even broke out above the short term resistancee zone 1.0930-1.0907. Unless there's a clear bearish breach below 1.0907, I expect a possible extension towards 1.0948and then a clear bearish retracement to the just broken zone to long EUR. My advice, wait for a minor extension to the upper side and then a pullback to the just broken zone to buy EUR.
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