Re-buy EUR upon a breakout above 1.1448 | 23 Mei 2017
23 Mei 2017, EUR/USD
Technical Observation
EUR is currently trading above its weekly pivot 1.1114. Unless there's a clear a bearish breach below this pivot, I expect a positive move towards resistance line 1.1448 and may breakout above. Should this happen, I'll wait for retracements to the just broken resistance line to re-buy EUR towards 1.12766. On the weekly chart above, I expect further movements towards 1.1448.
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