Bullish bias sentiment | 15 November 2017

15 November 2017, EUR/USD

Bullish bias sentiment

Technical Observation:
A recent bounce from the weekly support zone 1.1481-1.1698 has seen the eur rise in value and could close above 1.1698. As long as the price remains above this zone, I expect a bullish bias momentum towards 1.2130 and the next 1.3138. As seen on the weekly chart above, only a buy position looks more ideal towards 1.3138. On the way upwards, the key lines to look for include 1.2130, 1.2500 and ultimately 1.3138.
Technical Levels
Resistance levels
R1: 1.1847
R2: 1.1897
R3: 1.203
Pivot
1.1756
Support Levels
S1: 1.1475
S2: 1.1615
S3: 1.1707
Trade Signal
Buy Eur within 1.1481-1.1698 towards 1.2130

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Imelda Maseno
Analyst of «FreshForex» company
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