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Sell now towards 1.1621

Sell now towards 1.1621 | 19 December 2017

19 December 2017, EUR/USD

Technical Observation:
Yesterday, Eur pulled back upwards, but should decline just before the end of this week. Technically, I expect a spike t the lower side but should be supported by the supportive zone 1.1621-1.1458. A breakout below 1.1621 will mean waiting for a break below 1.1458 to confirm a bearish price rally towards 1.0425. On the other side, if the price bounces off from 1.1621, then I'll be looking for a buy position with my take profit at 1.2630. On the way upwards, the key hurdles to look for include include 1.2040, 1.2335 and lastly 1.2630.
Technical Levels
Resistance levels
R1: 1.1859
R2: 1.1943
R3: 1.2092
Pivot
1.1796
Support Levels
S1: 1.1496
S2: 1.1645
S3: 1.171
Trade Signal
Sell now towards 1.1621

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Imelda Maseno
Analyst of «FreshForex» company
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