Flat | 30 November 2017
30 November 2017, EUR/USD
Technical Observation:
Still nothing significant has changed on Eur. Since yesterday, there was only a slight rally to the upper side but still below the monthly resistance zone 1.1986-1.1906. Unless there's a clear bullish breakout above this zone with a big green candle, I remain reluctant to long Eur, instead, I'm waiting for a bounce from this zone to short Eur towards 1.0550. A breakout above this resistance zone will mean waiting for retracement to the just broken zone to buy Eur towards 1.3910.
Technical Levels
Resistance levels
R1: 1.1986
R2: 1.2001
R3: 1.2307
Pivot
1.1950
Support Levels
S1: 1.1083
S2: 1.1389
S3: 1.151
Trade Signal
Flat
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.
