Wait for a correction to buy EUR | 09 Abril 2018

09 Abril 2018, EUR/USD

Wait for a correction to buy EUR

Technical observation

On the weekly chart above, EURUSD while on a upward trend retraced at a support zone (1.2243-1.2201) with three retracements. Currently price is rallying towards the zone and i expect a rejection of it within or around the zone for bullish movements of price towards 1.2555 and a breakout above 1.2555 for a further rise in price in towards the upper key line 1.2898.Right now I would advise you wait for a correction to the zone to buy EUR with your first take profit at 1.2555 and the next at 1.2898 and stop loss around 1.2006.In case of a breakout below (1.2243-1.2201) wait for a correction before you sell EUR.

Technical levels

Resistance levels

R1.1.2346

R2.1.2411

R3.1.2542

Pivot

1.2281

Support levels

S1.1.2216

S2.1.215

S3.1.2019

Trade signal

Wait for a correction to buy EUR with your take profit at 1.2555 and stop loss around 1.2006.

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.