Buy Eur around 1.1481 | 10 November 2017
10 November 2017, EUR/USD
Technical Observation:
Earlier this week, Eur pulled back upwards instead of pushing lower towards 1.1481. I'm still flat on this pair pair, but if the price can breakout above 1.1698, then I may consider a buy position towards 1.3138 or even higher. On the other side, if the price descends towards 1.1481 but fails to go any lower, then I'll be looking for a buy position with an ultimate take profit fixed at 1.3138.
Technical Levels
Resistance levels
R1: 1.1669
R2: 1.173
R3: 1.1828
Pivot
1.1632
Support Levels
S1: 1.1435
S2: 1.1533
S3: 1.1571
Trade Signal
Buy Eur around 1.1481 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.
