30 Maret 2018, EUR/USD
Technical observation
The pair on the daily chart above has been trading above a key zone (1.2243-1.2201) for the past days with four retracements to it.Currently price is rallying above it and I expect a correction to it for bullish movement of price towards 1.2555,yesterday’s candle could not reach the zone and I expect today’s candle to. You can buy EUR now or wait for to buy within the zone. If price breaks above 1.2555 remain long with EUR after a correction to it and in case there’s a clear breakout below (1.2243-1.22010 with a big red candle, wait for a pullback to the zone before you enter short positions.
Technical levels
Resistance levels
R1.1.2379
R2.1.2405
R3.1.2463
Pivot
1.2354
Support levels
S1.1.2322
S2.1.2291
S3.1.2233
Trade signal
Wait for a correction to (1.2243-1.2201) to rebuy EUR with your take profit at 1.2555 and stop loss around 1.2100