10 Juli 2017, EUR/USD
Technical Observation
On the weekly chart above, 1.1448 is a key weekly resistance line and unless it is broken with a big green candle, I expect a rejection from this line to short Eur towards 1.0520. A breakout above 1.1448 will mean waiting for a pullback to the just broken line to long Eur towards the next resistance line 1.2558. As of last week, I've not got any clear direction from this point, I'm still waiting for a clear rejection to short Eur with my Stop loss slightly above 1.1755 and take profit at 1.0520. If a clear rejection is seen, then then the key lines to check for on the lower side include 1.1150, 1.0889 and 1.0520.
Technical levels:
Resistance levels
R1: 1.1523
R2: 1.1621
R3: 1.1895
Pivot
1.1349
Support Levels
S1: 1.0799
S2: 1.1073