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Look for a long position towards 1.2610

Look for a long position towards 1.2610 | 25 Octubre 2017

25 Octubre 2017, EUR/USD

Look for a long position towards 1.2610
Technical Observation:
Eurusd has been oversold for sometimes now but is still above the support line 1.1732. Unless the price clearly breach thus support, I expect a rejection from this support Eur towards 1.2610. On the way upwards, the key lines to look for include 1.1894, 1.1967 and 1.2128. If these lines are broken, then a rise towards 1.2610 will be the next ideal move. On the other side, if the price gets below 1.1732, then I expect a drop towards 1.1473 or even lower towards 1.0528.
Technical Levels
Resistance levels
R1: 1.1894
R2: 1.1967
R3: 1.2128
Pivot
1.1809
Support Levels
S1: 1.1486
S2: 1.1646
S3: 1.1733
Trade Signal
Look for a long position towards 1.2610

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Imelda Maseno
Analyst of «FreshForex» company
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