Remain flat | 23 March 2018

23 March 2018, EUR/USD

Remain flat

Technical observation

EURUSD is rallying in between a key line 1.2503and a support zone (1.2215-1.2183),I expect either a correction to the zone or a breakout above 1.2503 with a big green candle for bullish movement of price towards 1.2778.In case of a breakout below (1.2215-1.2183)with a big red candle, wait for a pullback to the zone to confirm price is on a bearish move before you enter short position towards the key line1.1935.Right now only long positions look ideal for the pair and i would advise you remain flat and wait for either a correction to(1.2215-1.2183) or a breakout above 1.2503 to enter long positions.

Technical levels

Resistance levels

R1.1.2377

R2.1.2419

R3.1.252

Pivot

1.2323

Support levels

S1.1.2275

S2.1.2216

S3.1.2114

Trade signal

Remain flat

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Imelda Maseno
Analyst of «FreshForex» company
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