EURUSD – Up
Technical observation
During the previous weeks,EURUSD traded below a key resistance zone (1.1598-1.464),price then broke above the zone with a big green candle and retraced twice to the zone but could not penetrate below it.currently the pair is rallying above the zone and I expect a pullback to it and a rejection at the zone to buy the pair with my take profit at 1.2746,incase EUR does not get corrected to the zone and breaks above 1.2746 then I’ll wait for a retracement to the line then Buy EUR with my take profit at 1.3439.As long as zone (1.1598-1.464)protects the lower side only long positions can be advised.
Technical levels
Resistance levels
R1.1.2305
R2.1.12393
R3.1.2552
Pivot
1.2235
Support levels
S1.1.2147
S2.1.2077
S3. 1.1919
Trade signal
Wait for a retracement to zone (1.1598-1.464),then buy EUR with your take profit at 1.2746 and stop loss slightly below 1.464.
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