27 Marzo 2018, EUR/USD
Technical observation
EURUSD retraced at a key support zone (1.2243-1.2201) four times while the price was moving up, Recently on 22nd of March this year price corrected to the zone but could not reach it and was rejected around it.Currently price is on a bullish move and I expect either a correction to (1.2243-1.2201) and a rejection of price within or around the zone or a breakout above the key line 1.2555 followed by a rise in price. Right now I would advise you remain flat and wait for either to buy the pair. In case of a breakout below (1.2243-1.2201) with a big red candle, wait for a pull back to the broken zone before you short EUR.
Technical levels
Resistance levels
R1.1.2379
R2.1.2405
R3.1.2463
Pivot
1.2348
Support levels
S1.1.2322
S2.1.2291
S3.1.2233
Trade signal
Remain flat and wait for either a breakout above 1.2555 or a correction to (1.2243-1.2201) to buy EUR.
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