flat | 03 November 2017
03 November 2017, EUR/USD
Technical Observation:
Yesterday, Eur traded with an increasing bearish bias and even broke out below the support line 1.1667 with a big red candle. This is bearish dominance indication, and unless the price gets back above 1.1667 with a big green candle, I expect further decline in price towards 1.1499 or even lower to 1.13. As it is on the 4 hour chart above, I'm waiting for a slight pullback towards 1.1667 to pick a short position towards 1.1499. My advice, wait and sell Eur around 1.1667 towards 1.1499.
Technical Levels
Resistance levels
R1: 1.1773
R2: 1.1936
R3: 1.2199
Pivot
1.1673
Support Levels
S1: 1.1148
S2: 1.1411
S3: 1.151
Trade Signal
Flat
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.
