Bullish bias sentiment | 15 November 2017
15 November 2017, EUR/USD
Technical Observation:
A recent bounce from the weekly support zone 1.1481-1.1698 has seen the eur rise in value and could close above 1.1698. As long as the price remains above this zone, I expect a bullish bias momentum towards 1.2130 and the next 1.3138. As seen on the weekly chart above, only a buy position looks more ideal towards 1.3138. On the way upwards, the key lines to look for include 1.2130, 1.2500 and ultimately 1.3138.
Technical Levels
Resistance levels
R1: 1.1847
R2: 1.1897
R3: 1.203
Pivot
1.1756
Support Levels
S1: 1.1475
S2: 1.1615
S3: 1.1707
Trade Signal
Buy Eur within 1.1481-1.1698 towards 1.2130
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.
