FX.co ★ EUR./USD analysis for May 09, 2019

EUR/USD has been trading upwards. WE got the breakout of the important resistance and we expect more upside. Careful with any selling...

Purple rectangle – Resistance 1.1216

Purple rectangle – Resistance 1.1262

Blue line – Middle of Keltner Channel EMA

Yellow horizontal line – Support 1.1165

Important breakout of the the key resistance at the price of 1.1218. The break is even stronger cause it is break of the 5-day balance. The strong momentum is on the upside and you should watch only for buying opportunities. The upward target is set at the price of 1.1265. Support level is seen at the price of 1.1173.