19 Januari 2018, EUR/USD
Technical observation
In the past hours EUR has been rising steadily towards the key line 1.2323 and I expect a bounce from it followed by a pull back to the key support zone(1.2197-1.2185) to rebuy EUR up to 1.2323 in case price does not retrace to the zone, I expect it to break above the line and price to continue further up. If it breaks below the support zone then I advise you wait for a pullback to it to confirm a bearish move before you sell EUR towards 1.2116 and even lower if the line is broken. Right now, wait for a retracement to (1.2197-1.2185) then buy EUR with your take profit at 1.2323 and stop loss slightly below1.2185.
Technical levels
Resistance levels
R1.1.2201
R2.1.2208
R3.1.2226
Pivot
1.221
Support levels
S1. 1.21983
S2.1.2172
S3.1.21556
Trade signal
Wait for a retracement to (1.2197-1.2185) then buy EUR with your take profit at 1.2323 and stop loss slightly below1.2185.