Remain flat | 20 Marzo 2018

20 Marzo 2018, EUR/USD

Remain flat

Technical observation

On the daily chart above,EURUSD is rallying between a key zone (1.2215-1.2183) and a key resistance line 1.2503,I expect either a rise in price towards 1.2503 and a breakout above it followed by a further rise in price towards the weekly resistance line 1.2778 or a correction to (1.2215-1.2183) and a rejection of price within or around it.I would advise you remain flat now and wait for a breakout above 1.2503 or a correction to (1.2215-1.2183) to buy EUR.In case of a clear breakout below (1.2215-1.2183),wait for a correction to it to confirm the price is on a downward movement before you short EUR towards the line 1.1953.

Technical levels

Resistance levels

R1.1.2377

R2.1.2419

R3.1.252

Pivot

1.2317

Support levels

S1.1.2275

S2.1.2216

S3.1.2114

Trade signal

Remain flat

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.