12 Januari 2018, EUR/USD
T
echnical observation
On the 4H chart above,EUR has been trading on an upward trend with two retracements at a key zone (1.2003-1.1992),price broke below the zone and was contained for a short time then broke above it with a big green candle. Currently price is rallying above the zone and I expect a rejection of price at it to buy EUR towards 1.2087,if price breaks above this line then I expect a further rise of price. Incase price breaks below the zone ,wait for a retracement to it to confirm that price is going down before you sell EUR .
Technical levels
Resistance levels
R1.1.2055
R2.1.2058
R3.1.2066
Pivot
1.206
Support levels
S1.1.2047
S2.1.2042
S3.1.2034
Trade signal
Buy EUR within the key zone(1.2003-1.1992),with your take profit at 1.2078 and stop loss slightly below 1.1992
.