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Waiting to buy Eur around 1.1713 next week.

Waiting to buy Eur around 1.1713 next week. | 05 October 2017

05 October 2017, EUR/USD

Technical Observation:
Eur is currently trading below its weekly pivot line 1.1823 but still above a key resistance zone 1.1465-1.1713. Unless there's a clear close below 1.1713 and most importantly below 1.1465, I expect a rejection within this zone to buy Eur towards 1.2535. on the way upwards key line can be seen around 1.2010, 1.2185, and 1.2535, if these lines are broken, then the price could rise even further towards 1.2880. Should the price descend below 1.1713, then the price could drop towards 1.1465 or even lower to 1.0454
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
Waiting to buy Eur around 1.1713 next week.

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Imelda Maseno
Analyst of «FreshForex» company
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