Buy EUR now | 28 February 2018

28 February 2018, EUR/USD

Buy EUR now

Technical observation

On the daily chart above, while on an upward trend,EURUSD retraced at a support zone(1.2238-1.2211).price then rallied up to a key line 1.2505 but could not break above it, right now it is within the support zone and I expect a possible rejection at it for bullish movements of price towards the line 1.2505,in case there’s a breakout above the line, wait for a correction to it before you continue long with EURUSD.If there’s a clear breach of price below (1.2238-1.2211),wait for a correction before you sell the pair, Right now I would advise you buy EUR now with your take profit at 1.2505 and stop loss around 1.2106.

Technical levels

Resistance levels

R1.1.2369

R2.1.2407

R3.1.25

Pivot

1.2316

Support levels

S1.1.2276

S2.1.2221

S3.1.2128

Trade signal

Buy EUR now with your take profit at 1.2505 and stop loss around 1.2106

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Imelda Maseno
Analyst of «FreshForex» company
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