Flat | 10 October 2017
10 October 2017, EUR/USD
Technical Observation:
On the daily that above, after breaking below the support zone 1.1818-1.1884, Eur retraced back to the same zone once but got rejected. Unless there's a clear close above this zone, I expect this zone to act as a resistance to any movements to the upper side, and a sell place. Thus, I'm waiting for a second pullback to this zone to short Eur towards 1.1334. On the way downwards key lines include 1.1635 and 1.1334.
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
Wait and Short Eur around 1.1818-1.1884 with your take profit at 1.1334
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.
