Remain flat | 18 April 2018

18 April 2018, EUR/USD

Remain flat

Technical observation

EURUSD has been trading on an upward trend with five retracements at a key support zone (1.2243-1.2201), currently price is rallying between the zone and a key resistance line 1.2555 and I expect either a rise in price towards the line and a breakout above it followed by a correction to it for bullish movements of price, or a correction to the zone (1.2243-1.2201) followed by a rejection of price for bullish movements of price. I would advise you remain flat now and wait for either a pullback to the zone or a breakout above 1.2555 to buy EUR.Short positions can only be advised below (1.2243-1.2201).

Technical levels

Resistance levels

R1.1.2369

R2.1.2406

R3.1.2485

Pivot

1.2336

Support levels

S1.1.2294

S2.1.2259

S3.1.214

Trade signal

Remain flat.

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus