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Long Eur around 1.1716 towards 1.2479

Long Eur around 1.1716 towards 1.2479 | 24 Octubre 2017

24 Octubre 2017, EUR/USD

Technical Observation:
Nothing has changed much since the last day's forecast. Eur is still above the resistance zone 1.1716-1.1452, and is not showing any signs of breaking below it. While the price is above 1.1716, I'm looking for a long position, should the price descends below 1.1716, then I expect further drop towards 1.1452 where I'll be looking for a buy signal. On the upwards, the key resistance lines include 1.1716, 1.2047, 1.2268 and lastly 1.2469, if these lines can be broken, then further rise towards 1.2760.
Technical Levels
Resistance levels
R1: 1.1894
R2: 1.1967
R3: 1.2128
Pivot
1.1808
Support Levels
S1: 1.1486
S2: 1.1646
S3: 1.1733
Trade Signal
Long Eur around 1.1716 towards 1.2479

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Imelda Maseno
Analyst of «FreshForex» company
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