12 Maret 2018, EUR/USD
Technical observation
On the weekly chart above,EURUSD retraced at support line 1.2245 while on an upward trend, right now price is above the zone and the current candle showing signs of moving up, I expect a possible rise in price towards 1.3951,i would advise you enter long position now with your take profit at 1.3951 and stop loss around 1.1999.in case of a breakout below 1.2245,you can pick long position at the support line 1.1594.Short positions can only be advised if there’s a clear breach of price below 1.1594 with a big red candle with your target towards 1.0430Right now enter long position towards 1.3951.
Technical levels
Resistance levels
R1.1.2412
R2.1.2518
R3.1.2696
Pivot
1.234
Support levels
S1.1.2234
S2.1.2163
S3.1.1985
Trade signal
Buy EUR now with your take profit at 1.3951 and stop loss around 1.1999