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Buy EURUSD

Buy EURUSD | 29 March 2018

29 March 2018, EUR/USD

Buy EURUSD

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.

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Imelda Maseno
Analyst of «FreshForex» company
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