09 Oktober 2017, EUR/USD
Technical Observation Perfectly as I forecasted, Eur went down last week but is still above the support zone 1.1699-1.1456. This is a key support zone on the weekly chart and as long as the price remains above it, I expect a rise to the upper side, if the price goes below 1.1699, then the price could plummet further towards 1.1456 where I'll be looking for a buy place. On the weekly chart above, this Eur still looks more bullish, but the on the monthly chart, Eur could be heading to the lowerside on a wider perspective.
Technical Levels
Resistance levels
S1: 1.1929
S2: 1.2043
S3: 1.2263
Pivot
1.1823
Support Levels
S1: 1.1383
S2: 1.1603
S3: 1.1709
Trade Signal
Waiting for a clear buy signal on the weekly chart.