Flat | 10 Oktober 2017

10 Oktober 2017, EUR/USD

Flat

Technical Observation:

On the daily that above, after breaking below the support zone 1.1818-1.1884, Eur retraced back to the same zone once but got rejected. Unless there's a clear close above this zone, I expect this zone to act as a resistance to any movements to the upper side, and a sell place. Thus, I'm waiting for a second pullback to this zone to short Eur towards 1.1334. On the way downwards key lines include 1.1635 and 1.1334.

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

Wait and Short Eur around 1.1818-1.1884 with your take profit at 1.1334

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Imelda Maseno
Analyst of «FreshForex» company
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