flat | 08 November 2017

08 November 2017, EUR/USD

flat

Technical Observation:
Nothing has changed much since the other day's analysis. I still expect Eur to plummet towards 1.1481 where I'll pick a long position towards 1.3138. According to the weekly chart above, I chose to remain flat and wait for a bounce from 1.1481 to pick a long position. If the price can breakout below 1.1481, then further bearish momentum towards 1.0468 is expected. But as it is, I'd rather wait for a bounce from 1.1481 to long Eur.
Resistance levels
R1: 1.1828
R2: 1.2006
R3: 1.2314
Pivot
1.1677
Support Levels
S1: 1.1088
S2: 1.1396
S3: 1.1523
Trade Signal
flat

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .