17 tháng tư 2018, EUR/USD
Technical observation
On the daily chart above,EURUSD retraced at a key support zone 1.2243-1.2201 five times while on a upward trend. Currently price is rallying above the zone and I expect either a pull back to the zone or a rise in it towards the key line 1.2555 and a breakout above it.I would advise you remain flat and wait for either a correction to the zone and a rejection of price within or a round it, or wait for a breakout above 1.2555 followed by a correction to it to buy EUR.In case of a break out below (1.2243-1.2201),wait for a pullback to the broken zone and a rejection of price within it then sell EUR.
Technical levels
Resistance levels
R1.1.2369
R2.1.2406
R3.1.2485
Pivot
1.2334
Support levels
S1.1.2294
S2.1.2259
S3.1.214
Trade signal
Remain flat.
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