23 Marzo 2018, EUR/USD
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