14 Juli 2017, EUR/USD
Technical Observation
Nothing has changed much in this pair, the price is still rally around the weekly resistance line 1.1444 despite my expectation that it could either break clearly above or remain below it. On the weekly chart above, if the price can close below this weekly resistance line 1.1444 by the end of this week, then this will be the best place for day traders to short this pair towards 1.0520. A clear breakout above 1.1444 will mean waiting for a pullback to the just broken line to long Eur towards the next weekly resistance line 1.2558. As at the moment, my recommendations is that you should wait for a close below 1.1444 to short Eur or a clear breakout above 1.1444 to long Eur.
Technical levels:
Resistance levels
R1: 1.1457