Still pullback lower. | 30 October 2017
30 October 2017, EUR/USD
Technical Observation:
After a rejection from the monthly resistance line 1.1993, Eur continues to drop in price and and even went below the support line 1.1725. I expect further decline in price towards 1.1465, where I'll be looking for a buy position. If the price descend below 1.1465, then I expect further drop in price towards 1.0500 or even lower. As it is, either remain flat, or look for a short position towards 1.1465. If the price is rejected from 1.1465, then I'll be looking for a long position towards 1.2468
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
Remain short towards 1.1465
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.
