Remain flat | 23 Marzo 2018

23 Marzo 2018, EUR/USD

Remain flat

Technical observation

EURUSD is rallying in between a key line 1.2503and a support zone (1.2215-1.2183),I expect either a correction to the zone or a breakout above 1.2503 with a big green candle for bullish movement of price towards 1.2778.In case of a breakout below (1.2215-1.2183)with a big red candle, wait for a pullback to the zone to confirm price is on a bearish move before you enter short position towards the key line1.1935.Right now only long positions look ideal for the pair and i would advise you remain flat and wait for either a correction to(1.2215-1.2183) or a breakout above 1.2503 to enter long positions.

Technical levels

Resistance levels

R1.1.2377

R2.1.2419

R3.1.252

Pivot

1.2323

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.