A rejection from 1.1448 still valid | 05 July 2017
05 July 2017, EUR/USD
Technical Observation
Eur is currently trading slightly above it's weekly pivot line, 1.1347 but below a key resistance line 1.1448. Unless this resistance line is not breached to the upper side with a big green candle, I'm waiting for a clear rejection signal from 1.1448 to short Eur towards 1.0443. A breakout above 1.1448 will mean waiting for a pullback to the just broken line to re-buy Eur towards 1.2766. On the weekly chart above, I still expect further decline towards 1.1270 and even lower to 1.0443.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .