flat | 03 October 2017
03 October 2017, EUR/USD
Technical levels:
Eur continues to extend even lower despite my expectations that it could hold above 1.1754. Unless the price is still within 1.1754-1.1450, I choose to remain flat temporarily, my expectations is that the price should get rejected around 1.1450-1.1754, to buy eur with my take profit at 1.2505. If the zone 1.1450-1.1754 is breached to the lower side, then the price could plummet towards 1.0450. If the price is rejected from within 1.1450-1.1754, then on the way upwards key lines include 1.2130, 1.2505 and 1.3065.
Technical Levels
Resistance levels
R1: 1.1929
R2: 1.2043
R3: 1.2263
Pivot
1.1823
Support Levels
S1: 1.1383
S2: 1.1603
S3: 1.1709
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.
