Flat | 25 August 2017
25 August 2017, EUR/USD
Technical Observation
Eur is currently rallying within a converging wedge. I'm keenly waiting for a breakout below the wedge to pick a short position towards 1.1778. On the way down, a key support can seen around 1.1752, if this support is broken, then a rally towards 1.1715 is expected. On the hour chart above, its good to remain flat and wait for a break below, the wedge to pick a short order.
Technical levels:
Resistance levels
R31.19230
R21.18732
R11.18394
Pivot
1.17841
Support Levels
S11.17558
S21.17060
S31.16722
Trade Signal
Flat
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
