Eur Pulled back slightly to the upper side but is still way below 1.1731. I expected a drop towards 1.1463, but as it appears, Eur could pullback upwards towards 1.1731 where I'll be looking for a sell towards 1.1463. If the price should break below 1.1463, then I expect further drop towards 1.0487 or even lower. As it is on the weekly chart above, its good to wait for a pullback towards 1.1731, then pick a short position towards 1.1463. If the price should rise above 1.1731, then further rise towards 1.2499 is expected.
Technical Levels
Resistance levels
R1: 1.1773
R2: 1.1936
R3: 1.2199
Pivot
1.1673
Support Levels
S1: 1.1148
S2: 1.1411
S3: 1.151
Trade Signal
Sell Eur around 1.1731 with your take profit at 1.1463
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