EURUSD – Up
Technical observations
Yesterday,EUR went down as predicted and is currently rallying down towards the key line 1.2316,I expect either a breakout below the line or a correction to the zone (1.2386-1.2379).If price corrects to the zone wait for a rejection within the zone to sell EUR towards the line 1.2316,and if it does not pull back to the zone and instead breaks breaches below 1.2316,wait for a correction to the zone then sell EUR with your take profit at 1.2234.Buy positions can only be advised in case there’s a clear breakout above (1.2386-1.2379) and a correction to it.Right now only short positions look ideal and can be advised.
Technical levels
Resistance levels
R1.1.2338
R2.1.2346
R3.1.2359
Pivot
1.2335
Support levels
S1.1.2325
S2.1.232
S3.1.2307
Trade signal
Wait for a breakout below 1.2316 or a correction to (1.2386-1.2379) to sell EUR.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.