26 Maret 2018, EUR/USD
Technical observation
On the weekly chart above,EURUSD is trading on a upward trend. Price retraced at a support zone (1.2243-1.2201)twice then rallied up to a key line 1.2555.Recently price was rejected around the zone and is currently rising towards 1.2555 and I expect a breakout above it.If you had not entered trade yet ,I would advise you buy EURUSD now with your take profit at 1.2555 and stop loss around 1.2032.Ip price goes above 1.2555 wait for a retracement to it then continue long with EUR.In case there’s a clear breach below the support zone with a big red candle, wait for a correction to it to before you enter short position.
Technical levels
Resistance levels
R1.1.2415
R2.1.2477
R3.1.2626
Pivot
1.2327
Support levels
S1.1.2266
S2.1.2178
S3.1.2029
Trade signal
Buy EUR now with your take profit at 1.2555 and stop loss around 1.2032