Wait for a clear rejection from 1.1164 to long EUR towards 1.1277 | 09 Juni 2017

09 Juni 2017, EUR/USD

Wait for a clear rejection from 1.1164 to long EUR towards 1.1277

Technical Observation

Despite the UK elections resultes, EUR declined only slightly to the lowerside but is currently rallying above a key 4 hour support line 1.1164. On the 4 our chart above, I expect a rejection from both the supportive trendline and the support line 1.1164 to long EUR towards 1.1277. My advice, unless there's a clear breach below 1.1164, long positions seems more ideal. Sell positions can only be recommended upon a clear breakout below the lower trendline towards 1.0648
Technical levels:
Resistance levels
R1: 1.1252
R1:1.1298
R3: 1.1372
Pivot Point
1.1223
Support Levels
S1: 1.1074
S2: 1.1148
S3: 1.1177
Trade Signal
Wait for a clear rejection from 1.1164 to long EUR towards 1.1277

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.