Continuation of the upward trend in medium term [EURUSD]

• Up trend is moving to the historical resistance at 1.18000 area in short-term
  
  
• RSI indicator is about 80 and its a warning of overbought and reversal in short term.
  
  
• In short term after touching the resistance at 1.18000 are , there is a high possibility to we have a pullback to the broken resistance at 1.14400 area
  
  
• in mid-term next target is at 1.21800 area(
  distance from the floor to the ceiling of the previous channel)
  
  
  
• in medium-term and long-term if the price can break the resistance at 1.22000 then we can have a new target at 1.25500 area (next historical resistance in 2014 and 2018 years )
  

Komentarz:

if we have a pullback at 1.14400 area and price was supported, it's a good opportunity to set a buy position(sell stop under 1.14400 area)

Transakcja zamknięta: osiągnięto wyznaczony cel:

This analysis is valid as long as the price has not lost the support at 1.14400 area.

Komentarz:

This analysis is valid as long as the price has not lost the support at 1.14400 area.