Short Eur around 1.1875-1.1857 | 17 Noviembre 2017
17 Noviembre 2017, EUR/USD
Technical Observation:
On the 4 hour chart above, a key resistance zone can be seen around 1.1875-1.1857, if the price can rise and bounce from this place, then this will be the best place to short Eur towards 1.1565. Should the price breakout above the just mentioned zone, then further rise towards 1.2075 is expected. As it is on the 4 hour chart, if you're not long yet, you could wait for breakout above 1.1875, then long Eur towards 1.2075, however, if the price bounce from the same line, then a short position will be recommended towards 1.1565.
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