20 Maret 2018, EUR/USD
Technical observation
On the daily chart above,EURUSD is rallying between a key zone (1.2215-1.2183) and a key resistance line 1.2503,I expect either a rise in price towards 1.2503 and a breakout above it followed by a further rise in price towards the weekly resistance line 1.2778 or a correction to (1.2215-1.2183) and a rejection of price within or around it.I would advise you remain flat now and wait for a breakout above 1.2503 or a correction to (1.2215-1.2183) to buy EUR.In case of a clear breakout below (1.2215-1.2183),wait for a correction to it to confirm the price is on a downward movement before you short EUR towards the line 1.1953.
Technical levels
Resistance levels
R1.1.2377
R2.1.2419
R3.1.252
Pivot
1.2317
Support levels
S1.1.2275
S2.1.2216
S3.1.2114
Trade signal
Remain flat