26 December 2017, EUR/USD
Technical Observation:
Still nothing much happening on this pair. Following last week's intensive rise, I expect further rise towards 1.2140 and may breakout higher towards 1.2492 . As it is on the weekly chart above, long positions look more ideal and can be recommended especially while the price is still above last week's close. On the way upwards, the key lines to look for include 1.2140, 1.2275 and 1.2492. If these lines are breached, then I expect a rise towards 1.30 or even higher.
Technical Levels
Resistance levels
R1: 1.1860