Long EUR | 04 Abril 2018

04 Abril 2018, EUR/USD

Long EUR

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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Imelda Maseno
Analyst of «FreshForex» company
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