EURUSD – Up
Technical observation
EURUSD has been trading above a support zone 1.2217-1.2192 and is still above it, price has tested this support zone several times and has not been able to penetrate below it.As long as price is above this support zone, I expect a bullish price rally towards 1.2557.Currently price is within this zone hence a buy opportunity. You can long this pair now within the zone .If price breaks or gaps below this support zone ,price could rally downwards instead towards 1.1931 hence I will look for a sell opportunity. Right now you can long the pair with your take profit at 1.2557 and stop loss around 1.2090.
Technical levels
Resistance levels
R1.1.2345
R2.1.2401
R31.2505
Pivot:1.2297
Support levels
S1.1.2241
S2.1.2194
S3.1.209
Trade signal
Long EUR now with your take profit at 1.2557 and stop loss around 1.2090.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.