flat | 04 Oktober 2017

04 Oktober 2017, EUR/USD

flat
Technical Observation:
Earlier this week, Eur continued to plummet but is showing signs of closing above 1.1754. If the current candle can close just as it is on the weekly chart, then I expect a rise towards 1.2505. On it's way upwards, the key lines to be considered include 1.2100, 1.2315 and finally 1.2505. If these lines are broken, then the price could rise even further towards 1.3625, should the price close below 1.1754, then I expect further drop towards 1.1450 where I expect a rejection to buy Eur.
Technical Levels
Resistance levels
R1: 1.1929
R2: 1.2043
R3: 1.2263
Pivot
1.1822
Support Levels
S1: 1.1383
S2: 1.1603
S3: 1.1709
Trade Signal
flat

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Imelda Maseno
Analyst of «FreshForex» company
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