Looking to rebuy eur | 15 January 2018
15 January 2018, EUR/USD
Technical Observation:
Eur has been trading with an increasing bullish momentum and is still on the rise. I expect a surge towards 1.2508 and may breakout higher towards 1.3665. As it is on the weekly chart above, only a long position looks more ideal and can be recommended towards 1.2508. On Friday last week, the price went above 1.2220 with a big green candle and chances of continuing upwards are almost 100%, however, in the mean time, I'm waiting for a pullback to the lower side to pick a low risk buy position.
Technical Levels
Resistance levels
R1: 1.2048
R2: 1.2084
R3: 1.2144
Pivot
1.2025
Support Levels
S1: 1.1905
S2: 1.1965
S3: 1.1988
Trade Signal
Rebuy Eur towards 1.2508
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.
