flat | 03 October 2017

03 October 2017, EUR/USD

flat
Technical levels:
Eur continues to extend even lower despite my expectations that it could hold above 1.1754. Unless the price is still within 1.1754-1.1450, I choose to remain flat temporarily, my expectations is that the price should get rejected around 1.1450-1.1754, to buy eur with my take profit at 1.2505. If the zone 1.1450-1.1754 is breached to the lower side, then the price could plummet towards 1.0450. If the price is rejected from within 1.1450-1.1754, then on the way upwards key lines include 1.2130, 1.2505 and 1.3065.
Technical Levels
Resistance levels
R1: 1.1929
R2: 1.2043
R3: 1.2263
Pivot
1.1823
Support Levels
S1: 1.1383
S2: 1.1603
S3: 1.1709
Trade Signal
flat

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Imelda Maseno
Analyst of «FreshForex» company
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