11 Juni 2018, EUR/USD
Technical observation
After breaking above a resistance zone 1.1725-1.1654,EUR retraced to it four times as a support .Recently after pulling back to the zone, price was rejected within the it then went up, this week’s candle is bullish and so I expect rise in price towards the resistance line 1.2463,if you bought this pair last week I would advise you remain in the trade with your ideal target at 1.2463.If you had not bought it yet you can still long the pair now with your take profit at 1.2463 and stop loss around 1.1401,I expect a rally in price this weeks and the weeks to come towards 1.2463.Short positions may only be recommended below 1.1654.
Technical levels
Resistance levels
R1.1.1855
R2.1.1942
R3.1.213
Pivot
1.1754
Support levels
S1.1.1667
S2.1.1566
S3.1.1373
Trade signal
Long EUR/USD now with your take profit at 1.2463 and stop loss around 1.1401.
101% Double the volume