Sell now towards 1.1621 | 19 December 2017
19 December 2017, EUR/USD
Technical Observation:
Yesterday, Eur pulled back upwards, but should decline just before the end of this week. Technically, I expect a spike t the lower side but should be supported by the supportive zone 1.1621-1.1458. A breakout below 1.1621 will mean waiting for a break below 1.1458 to confirm a bearish price rally towards 1.0425. On the other side, if the price bounces off from 1.1621, then I'll be looking for a buy position with my take profit at 1.2630. On the way upwards, the key hurdles to look for include include 1.2040, 1.2335 and lastly 1.2630.
Technical Levels
Resistance levels
R1: 1.1859
R2: 1.1943
R3: 1.2092
Pivot
1.1796
Support Levels
S1: 1.1496
S2: 1.1645
S3: 1.171
Trade Signal
Sell now towards 1.1621
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.
