18 Agustus 2017, EUR/USD
Technical Observation
Nothing has changed much since my previous analysis of this pair. I still expect a bearish retracement towards the support line 1.1459. If this support can be breached clearly to the lowerside with a big red candle, then I still expect the price to plummet even further. But as the chart is, I'm keen to hund for long positions especially around 1.1459. That said, I expect a rejection around 1.1459 to pick a long position with may take profit stil fixed along the weekly resistance line 1.254.
Technical levels:
Resistance levels
R3:1.1875
R2:1.1841
R1:1.1842
Pivot
1.1745
Support Levels
S1:1.1731
S2:1.1682
S3:1.1650
Trade Signal
Short for a while towards 1.1459.