10 Januari 2018, EUR/USD
Technical observation
On the hourly chart above,EUR traded on an upward trend and price was rejected twice at a key zone(1.2004-1.1997) and continued up,however,on 8th of January this year, price broke below zone and is currently rallying towards it, I expect a rejection of the price at the zone to enter into long position towards the key line 1.1844.Incase price gets to break above the zone I would wait for a pullback to the zone to confirm that we are long to buy EUR towards the key line 1.2073.the key lines to look for are 1.1844 and 1.2073
Technical levels
Resistance levels
R1.1.1962
R2. 1.1953
R3.1.1948
Pivot
1.1943
Support levels
S1.1.1939
S2.1.1935
S3.1.1926
Trade signal
Wait for a retracement to the zone(1.2004-1.1997) to sell EUR with your take profit at 1.1844 and your stop loss slightly above 1.2004
.