16 Agustus 2017, EUR/USD
Technical levels:
Eur continues to plummet and is currently below the short term support line 1.1714. I expect the previous day's break below 1.1714 to be the contininuation of a retracement rally towards 1.1459 where I've placed a pending buy limit order. That said, today, I expect further plummetion towards my buy area 1.1459. I expect a rejection from this line to buy Eur towards 1.2558. On the weekly chart above, sell positions seems more ideal and can be recommended especially while the price is still above 1.1459.
Technical Levels
Resistance levels
R3:1.18832
R2:1.18341
R1:1.18021
Pivot
1.1758
Support Levels
S1:1.17210
S2:1.16719
S3:1.16399
Trade Signal
Wait and buy Eur around 1.1459 towards 1.2555.