Flat for now | 20 November 2017
20 November 2017, EUR/USD
Technical Observation:
Instead of going long as expected, Eur is still stagnating around 1.178 and is not showing any signs of rising. I expected a rise towards 1.1876 when I expect short it with my take profit at 1.1585. if you didn't go short based on last Monday's analysis, you could wait for a retracement back to the same zone then short it towards 1.1585. You could place a pending sell limit order within 1.1876-1.1856 with your stop loss above 1.1889 and take profit at 1.1585.
Technical Levels
Resistance levels
R1: 1.1847
R2: 1.1897
R3: 1.2037
Pivot
1.1756
Support Levels
S1: 1.1475
S2: 1.1615
S3: 1.1707
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.
