Flat for now | 20 November 2017

20 November 2017, EUR/USD

Technical Observation:
Instead of going long as expected, Eur is still stagnating around 1.178 and is not showing any signs of rising. I expected a rise towards 1.1876 when I expect short it with my take profit at 1.1585. if you didn't go short based on last Monday's analysis, you could wait for a retracement back to the same zone then short it towards 1.1585. You could place a pending sell limit order within 1.1876-1.1856 with your stop loss above 1.1889 and take profit at 1.1585.
Technical Levels
Resistance levels
R1: 1.1847
R2: 1.1897
R3: 1.2037
Pivot
1.1756
Support Levels
S1: 1.1475
S2: 1.1615
S3: 1.1707
Trade Signal
Flat for now

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
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