29 May 2017, EUR/USD
Technical Observation:
On the weekly chart above, the previous week's candle closed slightly below it's opening price and is a perfect indecision candle above a key weekly short term support 1.1146. This week, I expect minor bearish retracements towards this support to rebuy EUR towards 1.1448 where I've placed a pending sell limit. On the weekly chart above, expect pullbacks towards 1.1146 and then a spike towards 1.1448.
Technical levels:
Resistance levels
R1: 1.1306
R2: 1.1404
R3: 1.1693
Pivot Point
1.1114
Support Levels
S1: 1.0535
S2: 1.0824 S3: 1.1016
Trade Signal
Buy EUR upon pulling back towards 1.1148