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Buy EURUSD

Buy EURUSD | 06 April 2018

06 April 2018, EUR/USD

Buy EURUSD

Technical observation

Instead of moving up as predicted yesterday,EURUSD retraced perfectly to the support zone (1.2243-1.2201) and is currently within it, I would advise you buy EUR now with your take profit at 1.2555 and stop loss around 1.2127,I expect a rallying in price towards my take profit and even a breakout above it for a further rise in price, if price breaks above 1.2555,wait for a correction to it then continue long with EUR.In case there’s a breakout below (1.2243-1.2201) with a big red candle, wait for a correction to it to confirm price is on a bearish move then short the pair towards the key line 1.1935.

Technical levels

Resistance levels

R1.1.2388

R2.1.2466

R3.1.2587

Pivot

1.2350

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 at 1.2127.

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Imelda Maseno
Analyst of «FreshForex» company
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