Still Flat for now | 14 November 2017
14 November 2017, EUR/USD
Technical Observation:
Eur is currently trading slightly above it's weekly pivot line 1.1632 and could continue to rise especially while the price is above the weekly support line 1.1481. The zone 1.1481-1.1698 is a clear buy zone and unless there;s a clear bearish breach below it with a big red candle, I expect a bounce from this line to buy it with my take profit at 1.3138. As it is on the weekly chart above, I will only buy a bounce from 1.1481
Technical Levels
Resistance levels
R1: 1.1711
R2: 1.1757
R3:1.1881
Pivot
1.1632
Support Levels
S1: 1.1383
S2: 1.1508
S3: 1.1586
Trade Signal
Still 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.
