Rebuy Eur around 1.1960 | 03 January 2018
03 January 2018, EUR/USD
Technical Observation:
After rising slightly to the upper side, eur is currently pulling back to the lower side. Today and the next few days I expect further pullback towards 1.1960 where I'll be looking for a long position towards 1.2476. As it is on the weekly chart above, long positions look more ideal, but if the price can pullback lower, then this will provide a price entry place. On the way upwards, the key lines to look for include 1.2021, 1.2300 and 1.2476. If these lines are breached, then I expect a rise towards 1.2925
Technical Levels
Resistance levels
R1: 1.2071
R2: 1.2138
R3: 1.2318
Pivot
1.1959
Support Levels
S1: 1.16
S2: 1.178
S3: 1.1892
Trade Signal
Rebuy Eur around 1.1960
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.
