Remain flat | 15 Maret 2018

15 Maret 2018, EUR/USD

Remain flat

Technical observation

As predicted yesterday,EUR is still rallying towards the key line 1.2503 and I expect a breakout above it followed by a correction to it and a rise in price towards the weekly resistance line 1.2778.Im waiting for the breakout to buy EUR with my take profit at 1.2778 and my stop loss around 1.2410.In case price gets rejected at the line 1.2503 the ,If there’s no breakout and price is corrected back to (1.2215-1.2183) the you can enter long position within or around the zone and in case of a clear breakout below 1.2183,wait for a correction to it to short EUR towards the key line 1.1935.Right now I would advise you remain flat .

Technical levels

Resistance levels

R1.1.2357

R2.1.2379

R3.1.2435

Pivot

1.2328

Support levels

S1.1.2302

S2.1.2268

S3.1.2213

Trade signal

Remain flat.

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Imelda Maseno
Analyst of «FreshForex» company
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