Short Eur at 1.1876 | 24 November 2017
24 November 2017, EUR/USD
Technical Observation:
As I said earlier this week, Eur pulled back upwards and is currently rallying around a key resistance zone 1.1876-1.1856. This is a potential sell zone and unless there's a clear bullish breakout above this zone with a big green candle, I'm waiting for a bounce from this zone to short Eur with a take profit at 1.1570. Should the price break above this zone with a big green candle, then I'll wait for a pullback to the same zone to long Eur with my take profit at 1.2095. My advice, wait for a bounce from 1.1876-1.1856, then sell Eur towards 1.1570.
Technical Levels
Resistance levels
R1: 1.1854
R2: 1.1887
R3: 1.1978
Pivot
1.1795
Support Levels
S1: 1.1612
S2: 1.1703
S3: 1.1763
Trade Signal
Short Eur at 1.1876 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.
