Look for a long position towards 1.2610 | 25 October 2017
25 October 2017, EUR/USD
Technical Observation:
Eurusd has been oversold for sometimes now but is still above the support line 1.1732. Unless the price clearly breach thus support, I expect a rejection from this support Eur towards 1.2610. On the way upwards, the key lines to look for include 1.1894, 1.1967 and 1.2128. If these lines are broken, then a rise towards 1.2610 will be the next ideal move. On the other side, if the price gets below 1.1732, then I expect a drop towards 1.1473 or even lower towards 1.0528.
Technical Levels
Resistance levels
R1: 1.1894
R2: 1.1967
R3: 1.2128
Pivot
1.1809
Support Levels
S1: 1.1486
S2: 1.1646
S3: 1.1733
Trade Signal
Look for a long position towards 1.2610
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.
