Waiting for a clear buy signal on the weekly chart. | 09 October 2017

Technical Observation Perfectly as I forecasted, Eur went down last week but is still above the support zone 1.1699-1.1456. This is a key support zone on the weekly chart and as long as the price remains above it, I expect a rise to the upper side, if the price goes below 1.1699, then the price could plummet further towards 1.1456 where I'll be looking for a buy place. On the weekly chart above, this Eur still looks more bullish, but the on the monthly chart, Eur could be heading to the lowerside on a wider perspective.

Technical Levels

Resistance levels

S1: 1.1929

S2: 1.2043

S3: 1.2263

Pivot

1.1823

Support Levels

S1: 1.1383

S2: 1.1603

S3: 1.1709

Trade Signal

Waiting for a clear buy signal on the weekly chart.