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Buy EUR now

Buy EUR now | 02 March 2018

02 March 2018, EUR/USD

Buy EUR now

Technical observation

Yesterday, the pair on the daily chart above failed to be a clear breakout below a support zone instead it went down and retraced at a lower support zone (1.2209-1.2164),price could not penetrate below the zone and so it got rejected and is currently rallying up towards a resistance line 1.2505.I would advise you buy EUR now with your take profit at 1.2505 and stop loss around 1.2069.In case there’s a clear breakout below the zone with a big red candle, wait for a correction to confirm bearish movement of price before you enter short positions towards the key line 1.1935 or even lower to 1.1712 in case of a breakout below 1.1935

Technical levels

Resistance levels

R1.1.2369

R2.1.2407

R3.1.25

Pivot

1.2320

Support levels

S1.1.2276

S2.1.2221

S3.1.2128

Trade signal

Buy EUR now with your take profit at 1.2505 and stop loss around 1.2069.

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Imelda Maseno
Analyst of «FreshForex» company
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