Long towards 1.2479 | 23 October 2017
23 October 2017, EUR/USD
Technical Observation:
As expected, Eur plummeted slightly to the lower side but is still above the supportive zone 1.1738-1.1463. While we're above this support zone, I'm only intrested in a long position. If the price gets below 1.1738, then I expect a decline towards 1.1463. But as it is, I'm only intrested in a long position with my take profit fixed at 1.2479. On the way upwards, key lines can be seen at 1.1967, 1.1894 and 1.2128. If these lines are broken, the price cpould continue rising towards 1.2479 where I expect a rejection to short it
Technical Levels
Resistance levels
R1: 1.1894
R2: 1.1967
R3: 1.2128
Pivot
1.1807
Support Levels
S1: 1.1486
S2: 1.1646
S3: 1.1733
Trade Signal
Long towards 1.2479
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.
