06 November 2017, EUR/USD
Technical Observation:
After the NFP news release yesterday, Eur declined significantly in price and is still showing signs of falling even further. This week, I expect a general decline in price towards 1.1452 or even a breakout to continue lower towards 1.04259 or even lower. according to the weekly chart above, I can only recommended a sell position. In fact, if you didn't go short around 1.1640, you could still go short now towards 1.1452 or even lower.
Technical Levels
Resistance levels
R1: 1.1829
R2: 1.2007
R3: 1.2313
Pivot
1.1673
Support Levels
S1: 1.1089
S2: 1.1395
S3: 1.1522
Trade Signal
Remain short