22 Februari 2018, EUR/USD
Technical observation
In the past few days, EUR has been declining steadily towards a key support zone (1.2242-1.2211), which was previously used as a support twice when price was moving up. I expect a rejection of it at the zone or around it to re buy the pair with my take profit at 1.2507 and stop loss around 1.2088.if price breaks above my take profit then I’ll wait for a correction of price to it before i continue long.In case there’s a clear breach of price below the zone, wait for a correction to it before you enter short positions. Right now only long positions can be advised around zone, (1.2242-1.2211) towards 1.2507.
Technical levels
Resistance levels
R1.1.2513
R2.1.2615
R3.1.2777
Pivot
1.2459
Support levels
S1.1.2129
S2.1.2291
S3.1.2351
Trade signal
Buy EURUSD around (1.2211-1.2174) with your take profit at 1.2507 and stop loss around 1.2088