Buy EUR now | 05 April 2018

05 April 2018, EUR/USD

Technical observation

Ever since EUR broke above the zone (1.2243-1.2201),it has been using it as a support and has retraced to it four times, as predicted yesterday,EURUSD ,went up and is still showing signs of rising even further to the key line 1.2555,I expect bullish movements of price towards the key line 1.2555 and a breakout above it for further rise in price towards the weekly line 1.2778.If you bought EUR yesterday, remain long in the trade, if you had not, you can still buy the pair now with your take profit at 1.2555 and stop loss around 1.2127.Short positions can only be advised in case of a breakout below (1.2243-1.2201).

Technical levels

Resistance levels

R1.1.2388

R2.1.2466

R3.1.2587

Pivot

1.2348

Support levels

S1.1.2266

S2.1.2222

S3.1.2101

Trade signal

Buy EUR now with your take profit at 1.2555 and stop loss around 1.2127.

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Imelda Maseno
Analyst of «FreshForex» company
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