Flat | 15 December 2017
15 December 2017, EUR/USD
Technical Observation:
Eur is currently edging towards a support zone 1.1695-1.1482. This is a good buy zone, and unless there's a clean breach below it will a big red candle, I expect a bounce from it to pick a low risk buy opportunity. With this buy opportunities, the key take profit lines to look for include 1.2055, 1.2255 and 1.2542. If these lines are broken, then I expect an upward spike towards 1.3855. On the other side, a descend below 1.1482 will push the price to the lower side towards 1.0455.
Technical Levels
Resistance levels
R1: 1.2015
R2: 1.2093
R3: 1.2321
Pivot
1.1790
Support Levels
S1: 1.1382
S2: 1.1645
S3: 1.1732
Trade Signal
Buy Eur within 1.1695-1.1482 towards 1.2542.
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.
