Remain long towards 1.2008 | 22 September 2017
22 September 2017, EUR/USD
Technical Observation:
According to yesterday's analysis, Eur got rejected from the support zone 1.1876-1.1847 and failed to penetrate below this zone. I went long after this rejection and is still holding onto this position, my expectation is that the price should rise even further towards 1.2058, if this resistance is broken, then I expect a rise towards 1.2200. If you are not long already, you could wait for another pullback to this zone to pick a long position. On the ways upwards, key lines to check for include 1.1985 and 1.2008.
Resistance levels
R1: 1.1996
R2: 1.2102
R3: 1.2275
Pivot
1.1929
Support Levels
S1: 1.1582
S2: 1.1755
S3: 1.1823
Trade Signal
Remain long towards 1.2008
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.
