Remain long towards 1.2474 | 13 October 2017
13 October 2017, EUR/USD
Technical Observation
As I said before, Eur failed to penetrate below the support zone 1.1717-1.1463, in fact, Eur could not even go below 1.1717. Last week's candle was a near rejection candle and means the price could rise higher during this week, That said, Unless the price goes below 1.1717, with a big red candle, I expect the current candle to continue upwards towards 1.2474 or even higher
Technical Levels
Resistance levels
R1: 1.1811
R2: 1.1886
R3: 1.2033
Pivot
1.174
Support Levels
S1: 1.1447
S2: 1.1594
S3: 1.1664
Trade Signal
Remain long towards 1.2474
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.
