Technical Analysis Based on Breakout – Flat

EURUSD – Up Technical Observation For the first time in almost two years now, that is since February 15th 2015, the price broke above the weekly resistance line 1.1458. This is a key resistance line on almost all the higher time frames and if the price can remain above it even a during the coming week, then this will be confirmation that a breakout has happened, I expect the price to rally further upwards 1.2558 but only after a pullback. This trade is very good both for day and position traders, and if the monthly chart can close above 1.1458, then Eur could go higher even during the coming month. But if the monthly candle close below 1.1458, then during the coming month, price could drop towards 1.0520 Technical levels: Resistance levels R1: 1.1523 R2: 1.1621 R3: 1.1895 Pivot 1.1349 Support Levels S1: 1.0799 S2: 1.1073 S3: 1.1249 Trade Signal flat
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/technical-analysis-based-on-breakout/issue_123951.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063

The post Technical Analysis Based on Breakout – Flat appeared first on Forex news forex trade.

The post Technical Analysis Based on Breakout – Flat appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

Shares