18 Januari 2018, EUR/USD
Technical observation
The pair EURUSD has been trading on an upward trend, while on the trend, price retraced at a key support zone (1.2198-1.2185) four times. Currently price is on a bullish channel within the zone and I would advise you buy EUR now within it up to the key line 1.2322.In case prices goes below the support wait for pullback and a rejection at the zone before you sell EUR towards 1.2028 if price goes beyond 1.2028 then continue short. A right now only long position is Ideal within the support zone. The key lines to look for on this chart include 1.2322, 1.2001 and 1.1835.
Technical levels
Resistance levels
R1.1.2201
R2.1.2208
R3.1.2226
Pivot
1.220
Support levels
S1.1.2183
S2.1.2172
S3.1.2156
Trade signal
Buy EURUSD within (1.2198-1.2185) with your take profit at 1.2322 and stop loss slightly below 1.2185