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Buy Eur around 1.1481

Buy Eur around 1.1481 | 07 November 2017

07 November 2017, EUR/USD

Buy Eur around 1.1481
Technical Observation:
Yesterday, Eur declined just a few pips but closed almost less than 10 pips below its opening price. Today, I still expect the price to plummet further towards 1.1481, where I will be looking to pick a long position towards 1.3138. If the price can breakout below 1.1481, then further decline in price towards 1.0468 or even lower is expected. As it is, if the price can bounce off from 1.1481, then I'll be looking for a buy position.
Resistance levels
R1: 1.1829
R2: 1.2007
R3: 1.2313
Pivot
1.1676
Support Levels
S1: 1.1089
S2: 1.1395
S3: 1.1522
Trade Signal
Buy Eur around 1.1481 towards 1.3138.

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Imelda Maseno
Analyst of «FreshForex» company
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