Long towards 1.3138 | 26 October 2017
26 October 2017, EUR/USD
Technical Observation: Eurusd has been oversold for sometimes now but is still above the weekly support line 1.1698. I'm patiently waiting for a buy signal above this support, but is the price can descend below it, then I expect a further decline towards 1.1481 where I'll looking for a buy trade. As it is on the weekly chart above, only a buy position can be recommended towards 1.3138 or even higher. My advice, look for a buy position above 1.1698 with your take profit at 1.3138
Technical Levels
Resistance levels
R1: 1.1894
R2: 1.1967
R3: 1.2128
Pivot
1.1810
Support Levels
S1: 1.1486
S2: 1.1646
S3: 1.1733
Trade Signal
Long towards 1.3138
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.
