Wait and buy Eur around 1.1497 towards 1.2540. | 23 Agustus 2017
23 Agustus 2017, EUR/USD
Technical Observation
Still, nothing has changed much in this pair. I expected a retracement rally towards 1.1497, but as it appears, Eur could still consolidate before eventually heading low. The best place to pick a long position is around 1.1497 towards 1.2540, if 1.1497 is broken, then a confirmation that this break below is genuine will be required. In this case, another break below 1.1292 will be the confirmation that the price is heading short towards 1.0476. If the recent weekly highest high ( 1.1909) can be broken, then I expect a rise towards 1.2540.
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