Along a monthly resistance line 1.1986 | 27 ноября 2017
27 ноября 2017, EUR/USD
Technical Observation:
After an unprecedented rise last week, Eur could continue to rise during this trading. According to the daily chart, Eur is very bullish and could to rise even during the coming week, but on the monthly chart above, the price is currently around a long a key monthly resistance line 1.1986, unless the price clearly close above it, this pair could bounce from this line. As it is on the monthly chart, I can only recommend waiting for a bounce from 1.1986 then short Eur for long term. There maybe buy positions on the lesser time frames but these buys are not recommended.
Technical Levels
Resistance levels
R1: 1.1816
R2: 1.2001
R3: 1.2307
Pivot
1.1695
Support Levels
S1: 1.1083
S2: 1.1389
S3: 1.151
Trade Signal
Wait for a sell along the monthly resistance 1.1986 towards 1.0486
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