Long Eur around 1.1716 towards 1.2479 | 24 October 2017
24 October 2017, EUR/USD
Technical Observation:
Nothing has changed much since the last day's forecast. Eur is still above the resistance zone 1.1716-1.1452, and is not showing any signs of breaking below it. While the price is above 1.1716, I'm looking for a long position, should the price descends below 1.1716, then I expect further drop towards 1.1452 where I'll be looking for a buy signal. On the upwards, the key resistance lines include 1.1716, 1.2047, 1.2268 and lastly 1.2469, if these lines can be broken, then further rise towards 1.2760.
Technical Levels
Resistance levels
R1: 1.1894
R2: 1.1967
R3: 1.2128
Pivot
1.1808
Support Levels
S1: 1.1486
S2: 1.1646
S3: 1.1733
Trade Signal
Long Eur around 1.1716 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.
