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Remain flat

Remain flat | 11 April 2018

11 April 2018, EUR/USD

Remain flat

Technical observation

Yesterday,EURUSD failed to the zone (1.2243-1.2201) instead it went up and is still showing signs of rising, I expect a rise in price towards 1.2555 and a breakout above it, or a correction to the zone and a rejection of price within or around it for possible bullish movement of price towards 1.2555,I would advise you remain flat now temporarily and wait for either a breakout above 1.2555 or a correction to (1.2243-1.2201) to buy EUR.If price breaks below the zone (1.2243-1.201) with a big red candle, wait for a pullback to the zone to confirm it is on a bearish movement before you enter short positions.

Technical levels

Resistance levels

R1.1.231

R2.1.2339

R3.1.2415

Pivot

1.2265

Support levels

S1.1.2234

S2.1.2186

S3.1.211

Trade signal

Remain flat temporarily.

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Imelda Maseno
Analyst of «FreshForex» company
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