15 Marzo 2018, EUR/USD
Technical observation
As predicted yesterday,EUR is still rallying towards the key line 1.2503 and I expect a breakout above it followed by a correction to it and a rise in price towards the weekly resistance line 1.2778.Im waiting for the breakout to buy EUR with my take profit at 1.2778 and my stop loss around 1.2410.In case price gets rejected at the line 1.2503 the ,If there’s no breakout and price is corrected back to (1.2215-1.2183) the you can enter long position within or around the zone and in case of a clear breakout below 1.2183,wait for a correction to it to short EUR towards the key line 1.1935.Right now I would advise you remain flat .
Technical levels
Resistance levels
R1.1.2357
R2.1.2379
R3.1.2435
Pivot
1.2328
Support levels
S1.1.2302
S2.1.2268
S3.1.2213
Trade signal
Remain flat.