11 April 2018, EUR/USD
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.