Resell Eur around 1.1757 | 22 November 2017
22 November 2017, EUR/USD
Technical Observation:
After bouncing off from the resistance line 1.1856, Eur has been in a constant downtrend and will continue to drop even further. For the past few days Eur has been trading with an increasing bearish bias momentum and will continue to fall even during this intraday. Thus, today, I expect a decline towards 1.1570 and could decline even further towards 1.14. My advice, if you are not into a short trade already, you could wait for a pullback to the upper side, then pick a short pick position around 1.1757 with your take profit at 1.1570.
Technical Levels
Resistance levels
R1: 1.1789
R2: 1.184
R3: 1.1921
Pivot
1.1759
Support Levels
S1: 1.1596
S2: 1.1677
S3: 1.1708
Trade Signal
Resell Eur around 1.1757 towards 1.1570
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.
