21 July 2017, EUR/USD
Technical Observations
From the weekly point of view, Eur has just broken a key resistance line 1.1459 and unless there's a clear bearish breach below this line, I expect a rise towards 1.2558. However, this position should not be executed just now, instead, conservative traders should wait for a pullback towards the just broken line 1.1459 to re-buy Eur towards 1.2558. Moreover, the price is way above it's weekly pivot line and may continue upwards . My advice, wait for a bearish retraction towards 1.149 to long eur towards 1.2558.
Technical levels:
Resistance levels
R1: 1.1701