Eur could reversal from 1.1448 | 03 July 2017
03 July 2017, EUR/USD
Technical Observation For the past week,Eur spiked upwards and even took-out my take profit set at the weekly resistance line 1.1448. On the weekly chart above, I'm waiting for a reversal from this line to short Eur towards 1.0443. A clear breakout above 1.1448 will mean waiting for a breakout above 1.1714 to confirm a bullish move towards 1.2766. From the same chart, short positions seems more ideal and can be recommended unless 1.1448 is not broken upwards.
Technical levels:
Resistance levels
R1: 1.1232
R2: 1.1269
R3: 1.1364
Pivot
1.1175
Support Levels
S1: 1.0987
S2: 1.1081
S3: 1.1137
Trade Signal
Wait for a reversal from 1.1448 to short Eur towards 1.0443
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.
