Flat | 26 September 2017
26 September 2017, EUR/USD
Technical Observation
Eur is still rallying within our buy zone 1.1876-1.1641. Unless there's a clear bearish breach below this zone, I remain hesitant to short Eur, instead, I'm waiting for a breakout above 1.1876 to confirm a possible bullish price rally towards 1.2056. On the way upwards key lines can be seen around 1.1932, 1.2003 and 1.2067. This is from a bullish perspective, however, is the line 1.1641 is breached, then a drop towards 1.1741 is expected. In the meantime, I'm flat waiting for a clear move.
Technical levels:
Resistance levels
R1: 1.1912
R2: 1.1977
R3: 1.2082
Pivot
1.1872
Support Levels
S1: 1.1662
S2: 1.1767
S3: 1.1807
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.
