Buy EURUSD | 22 March 2018

22 March 2018, EUR/USD

Buy EURUSD

Technical observation

Yesterday, EURUSD went up as predicted and is still showing signs of rising. I expect bullish movement of price towards 1.2503 and a breakout above for a further rise in price. If you had not entered a trade yet, you can still buy EUR now with your take profit at 1.2503 and stop loss around 1.2110.In case of a breakout above 1.2503, wait for a pullback to it before you continue long with the pair. If the price breaks down below the zone (1.2215-1.2183) wait for a retracement to the zone to confirm price is on a bearish move before you enter short positions towards the key line 1.1935 or further below.

Technical levels

Resistance levels

R1.1.2377

R2.1.2419

R3.1.252

Pivot

1.2321

Support levels

S1.1.2275

S2.1.2216

S3.1.2114

Trade signal

Buy EUR with your take profit at 1.2503 and stop loss around 1.2110

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Imelda Maseno
Analyst of «FreshForex» company
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