EURUSD – Up
Technical observation
Recently a strong rejection of price was seen was EURUSD tried to break below the support line 1.2247 but ended up above it.As long as this line protects the lower side we expect price to rally to the upper side towards 1.2752,or even further up if price breaks above 1.2752 towards 1.3994.9.I would advise you buy EURUDS now with your first ideal target at 1.2752 and the next at 1.3994.9 and your stop loss at 1.2111.If this potential buy place is breached to the lower side with a big red candle then that would be the best time to short the pair after a retracement to the broken line.
Technical levels
Resistance levels
R1.1.2417
R2.1.2581
R3.1.2851
Pivot
1.2311
Support levels
S1.1.2147
S2.1.2041
S3.1.1771
Trade signal
Buy EURUSD with your take profit at 1.2752 and stop loss at 1.2111
You may check other analytical reviews on FreshForex website. Source: freshforex.com.