Looking for buy positions around 1.1167 | 13 Juni 2017
13 Juni 2017, EUR/USD
Technical Observation
On the 12th June of this month, EUR got rejected from both the support line 1.1167 and the rising trend line. Unless there's a clear bearish breakout below both this trend line and 1.1167, I'm looking forward to a reversal from the immediate trend line to long EUR to the upper side. A breach below the trend line and 1.1167 may push the price to the lower side towards 1.1083. On the 4 Hour chart above, buy positions still look more attractive above the rising trend line
Technical levels:
Resistance levels
R1: 1.1228
R2: 1.1251
R3: 1.1291
Pivot Point
1.121
Support Levels
S1: 1.1129
S2: 1.1169
S3: 1.1188
Trade Signal
Looking to buy EUR along the rising trend line towards 1.1448
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