16 Abril 2018, EUR/USD
Technical observation
On the weekly chart above,EURUSD retraced at a key zone (1.2243-1.2201) four times while on a upward trend, currently price is rallying above I and I expect bullish movement of price towards 1.2555 and a breakout above it for a further rise in price towards the key line 1.2898,if you had not bought EUR you can buy it now with your take profit at 1.2555 and stop loss around 1.1999.In case of a breakout below the zone with a big red candle, wait for a correction to the zone then short EUR with your take profit at 1.1732,or even lower to 1.1398 if price breaks below the line 1.1732 with a big red candle.
Technical levels
Resistance levels
R1.1.2398
R2.1.2466
R3.1.2603
Pivot
1.2329
Support levels
S1.1.2261
S2.1.2192
S3.1.2055
Trade signal
Buy EUR now with your take profit at 1.2555 and stop loss around 1.1999.
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