Wait for a correction to (1.2390-1.2370) | 31 Enero 2018

31 Enero 2018, EUR/USD

Wait for a correction to (1.2390-1.2370)

Technical observation

Yesterday,EUR failed to break below the key support zone (1.2390-1.2370),price got rejected and the zone and continued up, I expect a possible rise in price in the coming hours towards 1.2517,if you had not entered a trade I would advise you wait for a correction to (1.2390-1.2370) then buy the pair within the zone with your take profit at 1.2517 and your stop loss at 1.2333,incase there’s a clear breach below the zone then wait for a pullback before you short EUR with your ideal target within (1.2215-1.2200),as long as the support zone (1.2390-1.2370)protects the upper side only long positions can be recommended.

Technical levels

Resistance levels

R1.1.2472

R2.1.2434

R3.1.2452

Pivot

1.2418

Support levels

S1.1.2409

S2.1.2399

S3.1.2381

Trade signal

Wait for a retracement to (1.2390-1.2370) then buy EURUSD with your take profit at 1.2517 and your stop loss at 1.2333.

.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