16 Maret 2018, EUR/USD
Technical observation
On the chart above,EURUSD is rallying above a key zone (1.2215-1.2183),I expect either a correction to the zone or a rise in price towards 1.2503 and a break out above it.I would advise you remain flat and wait for a breakout above 1.2503 or a retracement to (1.2215-1.2183) to buy EUR.In case there’s a clear breakout below the support zone (1.2215-1.2183),wait for a correction to it to confirm the price is on a downward movement before you enter short position towards the key line 1.1935.If 1.1935 gets broken below with a big red candle, I expect a further decline in price towards the lower key line 1.1586.
Technical levels
Resistance levels
R1.1.2357
R2.1.2379
R3.1.2435
Pivot
1.2330
Support levels
S1.1.2302
S2.1.2268
S3.1.2213
Trade signal
Remain flat