Bullish pin bar on the 4 hour chart | 23 November 2017
23 November 2017, EUR/USD
Technical Observation:
Recently, eur traded on the higher ranges and is currently still very bullish. I expect a rise towards the 4 hour resistance line 1.1677 or even higher. The from the current chart set up and structure, Eur is very bullish and should continue rise with a key hurdle being seen at 1.1677. Should the price break above 1.1677, then further rise towards 1.2075 is expected. As at the moment, you may consider a buy position towards 1.1677, where we'll be looking for a potential trade.
Technical Levels
Resistance levels
R1: 1.3285
R2: 1.3323
R3: 1.3405
Pivot
1.3245
Support Levels
S1: 1.3078
S2: 1.316
S3: 1.3203
Trade Signal
Long with your take profit at 1.1877
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.
