26 Juli 2017, EUR/USD
Technical Observation
Since Monday this week, Eur has dropped just 2% the amount I expect it to drop by the end of this week. In the remaining few days' I expect a bearish dive towards the now support line 1.1459, where I've placed a pending buy limit order. If the price should break below, then I'll wait for a pullback to the just broken line to short Eur. On the weekly chart above, the expected drop in price is a retracement and mush not be sold, instead, a long positions should be looked for around 1.1459.
Technical levels:
Resistance levels
R1: 1.1523
R2: 1.1621
R3: 1.1895
Pivot
1.1352
Support Levels
S1: 1.0799