Place pending buy limit around (1.2215-1.2184) | 09 March 2018

09 March 2018, EUR/USD

Place pending buy limit around (1.2215-1.2184)

Technical observation

A breakout was seen when the price broke out above (1.2215-1.2184) and is currently above, just now, the price is pulling back to the same zone which had three previous retracements to it .we’re waiting for a clear rebound from this zone to pick long positions with an ultimate target at 1.2155.As long as the price is above 1.76235, we’re waiting for a clear buy signal. The ideal it to place a pending buy limit around (1.2215-1.2184) with your stop los way below 1.2133.Only sell if the price clearly breaks out below 1.2184 with a big red candle. If there’s a breakout above 1, 2155,continue long after a correction to it.

Technical levels

Resistance levels

R1.1.2367

R2.1.2398

R3.1.2479

Pivot

1.2320

Support levels

S1.1.2287

S2.1.238

S3.1.2157

Trade signal

Place a pending buy limit around (1.2215-1.2184) with your stop los below 1.2133.

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Imelda Maseno
Analyst of «FreshForex» company
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