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Remain long towards 1.2474

Remain long towards 1.2474 | 13 October 2017

13 October 2017, EUR/USD

Technical Observation

As I said before, Eur failed to penetrate below the support zone 1.1717-1.1463, in fact, Eur could not even go below 1.1717. Last week's candle was a near rejection candle and means the price could rise higher during this week, That said, Unless the price goes below 1.1717, with a big red candle, I expect the current candle to continue upwards towards 1.2474 or even higher

Technical Levels
Resistance levels
R1: 1.1811
R2: 1.1886
R3: 1.2033
Pivot
1.174
Support Levels
S1: 1.1447
S2: 1.1594
S3: 1.1664
Trade Signal
Remain long towards 1.2474

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Imelda Maseno
Analyst of «FreshForex» company
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