Buy a breakout above 1.1883 | 27 December 2017
27 December 2017, EUR/USD
Technical Observation:
Eur is currently being resisted by the hourly resistance zone 1.1883-1.1880. I expect a breakout above this zone to pick a long position towards 1.2010 or even higher. On the way upwards, the key lines to look for include 1.1887, 1.1895, and 1.1910. A break above these lines will push the price further upwards towards 1.2010. As it is, I expect a pullback to the lower side before a clear breakout above 1.1883, that means, remaining flat temporarily and waiting for this breakout to pick a buy trade.
Technical Levels
Resistance levels
R1: 1.1883
R2: 1.1887
R3: 1.1895
Pivot
1.188
Support Levels
S1: 1.1866
S2: 1.1873
S3: 1.1876
Trade Signal
Buy a breakout above 1.1883 towards 1.2010
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.
