04 Abril 2018, EUR/USD
Technical observation
As predicted yesterday,EUR pulled back to the zone(1.2243-1.2201) but could not penetrate below it and was rejected around it .I expect bullish movements of EUR towards the key line 1.2555 and even a breakout above it for further rise in price. You can buy EUR now with your take profit at 1.2555 and stop loss around 1.2127.If price breaks above 1.2555 remain long after a correction to it.In case there’s a clear breakout below (1.2243-1.2201) with a big red candle, wait for a correction to it then short EUR towards the key line 1.1935,if it goes below 1.1935 then continue short towards the lower line 1.1732.
Technical levels
Resistance levels
R1.1.2388
R2.1.2466
R3.1.2587
Pivot
1.2346
Support levels
S1.1.2266
S2.1.2222
S3.1.2101
Trade signal
Buy EUR now with your take profit at 1.2555 and stop loss around 1.2127.
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