Wait for a short signal within 1.1819-1.1884 | 11 October 2017
11 October 2017, EUR/USD
Technical Observation:
As I said on the other day's analysis, Eur rose perfectly as per the other day's forecast, but is currently facing a key resistance zone 1.1819-1.1884. Unless there's a clear breakout above this zone, I expect a rejection from this zone to short Eur with a take profit at 1.1334, as it is, I'm waiting for a rejection signal and a sell signal around 1.1819-1.11884 to short Eur with a take profit at 1.1334.
Technical Levels
Resistance levels
S1: 1.1929
S2: 1.2043
S3: 1.2263
Pivot
1.1824
Support Levels
S1: 1.1383
S2: 1.1603
S3: 1.1709
Trade Signal
Wait for a short signal within 1.1819-1.1884 to short Eur towards 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.
