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30 November 2017, EUR/USD

Flat
Technical Observation:
Still nothing significant has changed on Eur. Since yesterday, there was only a slight rally to the upper side but still below the monthly resistance zone 1.1986-1.1906. Unless there's a clear bullish breakout above this zone with a big green candle, I remain reluctant to long Eur, instead, I'm waiting for a bounce from this zone to short Eur towards 1.0550. A breakout above this resistance zone will mean waiting for retracement to the just broken zone to buy Eur towards 1.3910.
Technical Levels
Resistance levels
R1: 1.1986
R2: 1.2001
R3: 1.2307
Pivot
1.1950
Support Levels
S1: 1.1083
S2: 1.1389
S3: 1.151
Trade Signal
Flat

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Imelda Maseno
Analyst of «FreshForex» company
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