09 August 2017, EUR/USD
Technical Observation
For the past few days, Eur declined in price and could still decline even further. This decline in price is a retracment to the lowerside towards the just broken weekly resistance line 1.1459. That said, I expect a decline in price and I've placed a pending buy limit order around 1.1459, with a stop loss slightly below 1.1311 and take profit still fixed at 1.2558. On the weekly chart above, sell positions still look more ideal epecially towards 1.1459, if this line can be broken, then I expect further decline towards 1.0520.
Technical levels:
Resistance levels
R1: 1.1882