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Wait and Long Eur around 1.1698

Wait and Long Eur around 1.1698 | 27 October 2017

27 October 2017, EUR/USD

Technical Observation:
Eur continues to plummet and is slowly getting below 1.1698. If the price can close below 1.1698 by the end of today, I expect further drop in price towards 1.1481, where I'll be looking for a long position towards 1.3138. However, if the price close above 1.1698, then I'll be looking for an immediate long position towards 1.3138. On the way upwards, key lines can be seen around 1.2500 and 1.2880. If these lines are broken, then a rise towards 1.3138 will be the next ideal move.
Technical Levels
Resistance levels
R1: 1.1894
R2: 1.1967
R3: 1.2128
Pivot
1.1630
Support Levels
S1: 1.1486
S2: 1.1646
S3: 1.1733
Trade Signal
Wait and Long Eur around 1.1698 towards 1.2500

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Imelda Maseno
Analyst of «FreshForex» company
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