16 Oktober 2017, EUR/USD
Technical Observation
Recently, after a sharp drop in price Eur could not penetrate below this weekly support line 1.1757. I went long following the rejection this support line and is still holding onto this position. I expect that, this week, Eur should continue rising towards 1.2105 or even higher to 1.22. At the moment, only a long position can safely be recommended especially while the price is above 1.1757, if the price get below it, then a short position can be reconsidered.
Technical levels:
Resistance levels
R1: 1.1811