25 Agustus 2017, EUR/USD
Technical Observation
Eur is currently rallying within a converging wedge. I'm keenly waiting for a breakout below the wedge to pick a short position towards 1.1778. On the way down, a key support can seen around 1.1752, if this support is broken, then a rally towards 1.1715 is expected. On the hour chart above, its good to remain flat and wait for a break below, the wedge to pick a short order.
Technical levels:
Resistance levels
R31.19230
R21.18732
R11.18394
Pivot
1.17841
Support Levels
S11.17558
S21.17060
S31.16722
Trade Signal
Flat