Flat for now | 13 November 2017
13 November 2017, EUR/USD
Technical Observation:
Instead of going long as forecasted last Monday, Eur continues to pullback upwards but is still below 1.1716. I'm still into selling this pair, especially while the price is below 1.1716, if the price can rise above 1.1716, then further rise towards 1.2760 is expected. As is it on the weekly chart above, I choose to remain flat, and only buy on a bounce from 1.1452 or on a breakout above 1.1716 with an ultimate take profit at 1.2760.
Technical Levels
Resistance levels
R1: 1.1668
R2: 1.1694
R3: 1.176
Pivot
1.1629
Support Levels
S1: 1.1498
S2: 1.1563
S3: 1.1603
Trade Signal
Flat for now
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.
