Wait for a short signal within 1.1819-1.1884 | 11 October 2017

11 October 2017, EUR/USD

Wait for a short signal within 1.1819-1.1884

Technical Observation:

As I said on the other day's analysis, Eur rose perfectly as per the other day's forecast, but is currently facing a key resistance zone 1.1819-1.1884. Unless there's a clear breakout above this zone, I expect a rejection from this zone to short Eur with a take profit at 1.1334, as it is, I'm waiting for a rejection signal and a sell signal around 1.1819-1.11884 to short Eur with a take profit at 1.1334.

Technical Levels

Resistance levels

S1: 1.1929

S2: 1.2043
S3: 1.2263
Pivot
1.1824
Support Levels
S1: 1.1383
S2: 1.1603

S3: 1.1709

Trade Signal

Wait for a short signal within 1.1819-1.1884 to short Eur towards 1.1334

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Imelda Maseno
Analyst of «FreshForex» company
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