13 Marzo 2018, EUR/USD
Technical observation
On the daily chart above,EURUSD went up a resistance zone with a big green candle, price then retraced to the zone thrice before rising up to a key line 1.2506 making it a key support zone .Right now, price is rallying above the zone towards it and I expect a possible rejection of it within or around the zone to buy EUR with my ideal target at 1.2506 and stop loss around 1.2069.In case there’s a clear beak out below 1.2151 with a big red candle, wait for a correction to it to confirm the price is moving down before you enter short position. Currently while the price is moving up, only long positions can be advised around (1.2183-1.2151).
Technical levels
Resistance levels
R1.1.2357
R2.1.2379
R3.1.2435
Pivot
1.2324
Support levels
S1.1.2302
S2.1.2268
S3.1.2213
Trade signal
Buy EUR within or around (1.2183-1.2151) with your take profit at 1.2506 and stop loss around 1.2069.
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