EURUSD – Up
Technical observation
Yesterday,EUR failed to break below the key support zone (1.2390-1.2370),price got rejected and the zone and continued up, I expect a possible rise in price in the coming hours towards 1.2517,if you had not entered a trade I would advise you wait for a correction to (1.2390-1.2370) then buy the pair within the zone with your take profit at 1.2517 and your stop loss at 1.2333,incase there’s a clear breach below the zone then wait for a pullback before you short EUR with your ideal target within (1.2215-1.2200),as long as the support zone (1.2390-1.2370)protects the upper side only long positions can be recommended.
Technical levels
Resistance levels
R1.1.2472
R2.1.2434
R3.1.2452
Pivot
1.2418
Support levels
S1.1.2409
S2.1.2399
S3.1.2381
Trade signal
Wait for a retracement to (1.2390-1.2370) then buy EURUSD with your take profit at 1.2517 and your stop loss at 1.2333.
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