Buy EUR now | 26 Februari 2018

26 Februari 2018, EUR/USD

Buy EUR now

Technical observation

The general trend for the pair on the weekly chart above is upward. Price retraced at key support line 1.1596 before it went up above a resistance line 1.2242.Price then retraced back to it before proceeding up. Last week’s candle was a retracement to the support line and I expect a possible rejection of price for bullish movements towards 1.2759,I would advise you buy EURUSD now with your take profit at 1.2759 and stop loss around 1.2027.In case there’s a breakout above 1.2759,wait for a pullback to it before you rebuy EUR .Short positions can only be advised in case there’s a clear break out below 1.2242 with a big red candle .

Technical levels

Resistance levels

R1.1.2401

R2.1.2506

R3.1.2682

Pivot

1.233

Support levels

S1.1.2225

S2.1.2154

S3.1.1978

Trade signal

Buy EURUSD now with your take profit at 1.2759 and stop loss around 1.2027.

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Imelda Maseno
Analyst of «FreshForex» company
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