06 Abril 2018, EUR/USD
Technical observation
Instead of moving up as predicted yesterday,EURUSD retraced perfectly to the support zone (1.2243-1.2201) and is currently within it, I would advise you buy EUR now with your take profit at 1.2555 and stop loss around 1.2127,I expect a rallying in price towards my take profit and even a breakout above it for a further rise in price, if price breaks above 1.2555,wait for a correction to it then continue long with EUR.In case there’s a breakout below (1.2243-1.2201) with a big red candle, wait for a correction to it to confirm price is on a bearish move then short the pair towards the key line 1.1935.
Technical levels
Resistance levels
R1.1.2388
R2.1.2466
R3.1.2587
Pivot
1.2350
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 at 1.2127.
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