29 Maret 2018, EUR/USD
Technical observation
While retracing to the support zone (1.2243-1.2201),EUR could not reach the zone and was rejected around it, currently it is showing signs of bullish momentum towards 1.2555 and I expect a breach above it for bullish movement of price towards 1.2778.If you had not entered a trade, I would advise you buy EUR now with your take profit at 1.2555 and stop loss around 1.2100.In case of a breakout above 1.2555,wait for price to correct to The zone before you continue long with EUR.If the pair goes below (1.2243-1.2201) with a big red candle, wait for a correction to the broken zone before you short EUR.
Technical levels
Resistance levels
R1.1.2379
R2.1.2405
R3.1.2463
Pivot
1.2352
Support levels
S1.1.2322
S2.1.2291
S3.1.2233
Trade signal
Buy EUR now with your take profit at 1.2555 and stop loss around 1.2100.