05 April 2018, EUR/USD
Technical observation
Ever since EUR broke above the zone (1.2243-1.2201),it has been using it as a support and has retraced to it four times, as predicted yesterday,EURUSD ,went up and is still showing signs of rising even further to the key line 1.2555,I expect bullish movements of price towards the key line 1.2555 and a breakout above it for further rise in price towards the weekly line 1.2778.If you bought EUR yesterday, remain long in the trade, if you had not, you can still buy the pair now with your take profit at 1.2555 and stop loss around 1.2127.Short positions can only be advised in case of a breakout below (1.2243-1.2201).
Technical levels
Resistance levels
R1.1.2388
R2.1.2466
R3.1.2587
Pivot
1.2348
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 around 1.2127.
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