Flat | 12 October 2017
12 October 2017, EUR/USD
Technical Observation:
Eur continues to rise despite the expectations that it could bounce off from 1.1819-1.1884. Unless there's a clear breakout above 1.1884, I remain optimistic that Eur could get rejected to the lower side. But if the price breaks above 1.1884, then the price could rise even higher towards 1.2045, which is a key monthly resistance line. If this should be the case, then the price could form a double top around this zone.
Technical Levels
Resistance levels
S1: 1.1929
S2: 1.2043
S3: 1.2263
Pivot
1.1875
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.
