Remain short towards 1.1715 and 1.1448 | 29 September 2017
29 September 2017, EUR/USD
Technical Observation
On the weekly chart, Eur failed to breakout above 1.2116, instead, the price got rejected from this line and is currently retreating to the lower side. This is just a retracement rally to the lower side towards 1.1448. On the way downwards, key a key support line can be seen at 1.1715, if this support is breached, then I expect a rally towards 1.1448, where there's a potential buy position. As at the moment, only a clear rejection from 1.1715 or a breakout above 1.2115 will call for a long position.
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