Flat | 25 Agustus 2017

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

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Imelda Maseno
Analyst of «FreshForex» company
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