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Still Flat for now

14 November 2017, EUR/USD

Technical Observation:
Eur is currently trading slightly above it's weekly pivot line 1.1632 and could continue to rise especially while the price is above the weekly support line 1.1481. The zone 1.1481-1.1698 is a clear buy zone and unless there;s a clear bearish breach below it with a big red candle, I expect a bounce from this line to buy it with my take profit at 1.3138. As it is on the weekly chart above, I will only buy a bounce from 1.1481
Technical Levels
Resistance levels
R1: 1.1711
R2: 1.1757
Support Levels
S1: 1.1383
S2: 1.1508
S3: 1.1586
Trade Signal
Still Flat for now

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Imelda Maseno
Analyst of «FreshForex» company
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