EUR/USD: Trading Recommendations
Yuri Papshev | May 27, 2021 07:56AM ET
In case of renewed growth, EUR/USD will head towards the upper border of the ascending channel on the weekly chart and the level of 1.2450. More distant growth targets are located at resistance levels 1.2500, 1.2580 (61.8% Fibonacci level and 2018 highs), 1.2600.
In an alternative scenario, the first signal for its implementation will be a breakdown of the support level 1.2180.
Support levels: 1.2197, 1.2180, 1.2101, 1.2075, 1.2000, 1.1980, 1.1910, 1.1780, 1.1710
Resistance levels: 1.2260, 1.2300, 1.2340, 1.2450, 1.2580, 1.2600
Sell Stop 1.2170. Stop-Loss 1.2225. Take-Profit 1.2101, 1.2075, 1.2000, 1.1980, 1.1910, 1.1780, 1.1710
Buy Stop 1.2225. Stop-Loss 1.2170. Take-Profit 1.2260, 1.2300, 1.2340, 1.2450, 1.2580, 1.2600
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