flat | 04 October 2017
04 October 2017, EUR/USD
Technical Observation:
Earlier this week, Eur continued to plummet but is showing signs of closing above 1.1754. If the current candle can close just as it is on the weekly chart, then I expect a rise towards 1.2505. On it's way upwards, the key lines to be considered include 1.2100, 1.2315 and finally 1.2505. If these lines are broken, then the price could rise even further towards 1.3625, should the price close below 1.1754, then I expect further drop towards 1.1450 where I expect a rejection to buy Eur.
Technical Levels
Resistance levels
R1: 1.1929
R2: 1.2043
R3: 1.2263
Pivot
1.1822
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.
