19 Juli 2017, EUR/USD
Technical Observations
Eur is currently trading above it's weekly pivot line 1.1444. Unless there's a clear breach below this pivot line with a big red candle, I expect a rise in price towards 1.2558. Past week, Eur traded on the higher ranges and even broke above a key weekly resistance line 1.1459. I'm waiting for a confirmation that this breakout is genuine and that bears are in full subdue. That said, I'm waiting for a minor pullback towards 1.1459 where I'll place a pending buy limit order. On the weekly chart, buying Eur looks more ideal especially upon a pullback towards 1.1459.
Technical levels:
Resistance levels
R1: 1.1515