28 Februari 2018, EUR/USD
Technical observation
On the daily chart above, while on an upward trend,EURUSD retraced at a support zone(1.2238-1.2211).price then rallied up to a key line 1.2505 but could not break above it, right now it is within the support zone and I expect a possible rejection at it for bullish movements of price towards the line 1.2505,in case there’s a breakout above the line, wait for a correction to it before you continue long with EURUSD.If there’s a clear breach of price below (1.2238-1.2211),wait for a correction before you sell the pair, Right now I would advise you buy EUR now with your take profit at 1.2505 and stop loss around 1.2106.
Technical levels
Resistance levels
R1.1.2369
R2.1.2407
R3.1.25
Pivot
1.2316
Support levels
S1.1.2276
S2.1.2221
S3.1.2128
Trade signal
Buy EUR now with your take profit at 1.2505 and stop loss around 1.2106