26 Oktober 2017, EUR/USD
Technical Observation: Eurusd has been oversold for sometimes now but is still above the weekly support line 1.1698. I'm patiently waiting for a buy signal above this support, but is the price can descend below it, then I expect a further decline towards 1.1481 where I'll looking for a buy trade. As it is on the weekly chart above, only a buy position can be recommended towards 1.3138 or even higher. My advice, look for a buy position above 1.1698 with your take profit at 1.3138
Technical Levels
Resistance levels
R1: 1.1894
R2: 1.1967
R3: 1.2128
Pivot
1.1810
Support Levels
S1: 1.1486
S2: 1.1646
S3: 1.1733
Trade Signal
Long towards 1.3138