Remain short towards 1.1460 | 28 September 2017
28 September 2017, EUR/USD
Technical Observation
Recently, Eur broke out below the support zone 1.1876-1.1841, retraced back to it but failed to penetrate above it. I went short short after this retracement and is still holding onto this position. My expectations is that the price should continue to plummet towards the daily support line 1.1460. If this support is broken, then I'll wait for another break below 1.1402, to confirm a bearish rally towards 1.0872. If the price is rejected from 1.1460, then this will be a perfect place to buy Eur.
Technical levels:
Resistance levels
R1: 1.1786
R2: 1.1827
R3: 1.1902
Pivot
1.1751
Support Levels
S1: 1.16
S2: 1.1676
S3: 1.171
Trade Signal
Remain short towards 1.1460
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.
