Wait for a retracement to 1.2323 | 25 Enero 2018

25 Enero 2018, EUR/USD

Wait for a retracement to 1.2323

Technical observation

For the past days price has been contained above a support zone( 1.2216-1.2200) ,the general trend for the pair EURUSD has been upward, yesterday price broke above a resistance line 1.2323 and has not retraced to it instead it continued up towards 1.2431.If you had not entered long position I would advise you wait for a correction of price before you buy the pair, I still expect a rise of price I the next coming hours.incase price goes below the support zone then that would be the ideal time to short EUR after a pullback to the just broken zone towards 1.2117 and 1.1919.

Technical levels

Resistance levels

R1.1.2271

R2.1.2284

R3.1.2306

Pivot

1.2269

Support levels

S1.1.225

S2.1.2241

S3.1.222

Trade signal

Wait for a retracement to 1.2323 then buy EUR with your stop loss at 1.2301

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus