Longed Eur from 1.1731 towards 1.2476 | 19 Oktober 2017
19 Oktober 2017, EUR/USD
Technical Observation:
Recently, Eur got supported from the weekly support line 1.1731 and is still pretty much above it. Yesterday, Eur pulled back slightly from this line and is still pretty much above this line. Unless there's a clear bearish breakout below this level, I expect a rise in price towards 1.2476, if the price breaks below 1.1731, then the price could drop further towards 1.1453 where we'll be looking for a buy position. As it is, only a buy position can safely be recommended with a take profit fixed at 1.2426.
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