Long Eur around 1.1716 towards 1.2479 | 24 Oktober 2017
24 Oktober 2017, EUR/USD
Technical Observation:
Nothing has changed much since the last day's forecast. Eur is still above the resistance zone 1.1716-1.1452, and is not showing any signs of breaking below it. While the price is above 1.1716, I'm looking for a long position, should the price descends below 1.1716, then I expect further drop towards 1.1452 where I'll be looking for a buy signal. On the upwards, the key resistance lines include 1.1716, 1.2047, 1.2268 and lastly 1.2469, if these lines can be broken, then further rise towards 1.2760.
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