12 Oktober 2017, EUR/USD
Technical Observation:
Eur continues to rise despite the expectations that it could bounce off from 1.1819-1.1884. Unless there's a clear breakout above 1.1884, I remain optimistic that Eur could get rejected to the lower side. But if the price breaks above 1.1884, then the price could rise even higher towards 1.2045, which is a key monthly resistance line. If this should be the case, then the price could form a double top around this zone.
Technical Levels
Resistance levels
S1: 1.1929
S3: 1.1709
Trade Signal
Flat