Looking for a sell | 14 December 2017
14 December 2017, EUR/USD
Technical Observation:
Eur rose tremendously to the upper side but is currently finding it a challenge to close above the hourly resistance zone 1.1843-1.1828. Unless there's a clear breakout above this zone, I expect a bounce from it to short Eur with my first take profit at 1.1735. If the price can breakout above it, then I'll wait for a pullback to the just broken line, then pick a long position towards 1.1935. As it is on the hourly chart above, Only a short position looks more ideal especially while the price is still below 1.1826
Technical Levels
Resistance levels
R1: 1.2015
R2: 1.2093
R3: 1.2321
Pivot
1.1835
Support Levels
S1: 1.1382
S2: 1.1645
S3: 1.1732
Trade Signal
Short Eur within 1.1843-1.1828 towards 1.1735
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.
