Analysis by: ForexRoyals
Currency: EUR/USD
Trend Expected Direction: Up.
Method: Resistance and Support levels , Pivot points
Description: We can see that the EUR/USD could not break the upwards trend line and is above the pivot point ( 1.3170 ). In case the EUR tests the trend line again and is still above the pivot point 1.3170, we can expect an upwards movement .
Action: Best action is to buy above the Pivot point.
Target Area: First target 1.3300, second target 1.3335
Stop Loss: 1.3100.
