Remain long towards 1.1448 | 24 Mei 2017

24 Mei 2017, EUR/USD

Remain long towards 1.1448
Technical Observation:
For the better parts of this week, EUR rose slightly to the upper side but is currently showing signs of pulling back to the lower side. This week, I expect further bearish pullbacks and a continuation to the upper side during the coming week. On the weekly chart above, I expect a long green bar towards 1.1448 and a possible breakout above. My advice, if you went long previously, leave this position open towards 1.1448.
Technical levels: Resistance levels
R1: 1.1244
R2: 1.1303
R3: 1.1397
Pivot Point 1.1209
Support Levels
S1: 1.1022
S2: 1.1116
S3: 1.115
Trade Signal
Remain long towards 1.1448

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Imelda Maseno
Analyst of «FreshForex» company
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