Buy EUR now | 12 Marzo 2018

12 Marzo 2018, EUR/USD

Buy EUR now

Technical observation

On the weekly chart above,EURUSD retraced at support line 1.2245 while on an upward trend, right now price is above the zone and the current candle showing signs of moving up, I expect a possible rise in price towards 1.3951,i would advise you enter long position now with your take profit at 1.3951 and stop loss around 1.1999.in case of a breakout below 1.2245,you can pick long position at the support line 1.1594.Short positions can only be advised if there’s a clear breach of price below 1.1594 with a big red candle with your target towards 1.0430Right now enter long position towards 1.3951.

Technical levels

Resistance levels

R1.1.2412

R2.1.2518

R3.1.2696

Pivot

1.234

Support levels

S1.1.2234

S2.1.2163

S3.1.1985

Trade signal

Buy EUR now with your take profit at 1.3951 and stop loss around 1.1999

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Imelda Maseno
Analyst of «FreshForex» company
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