Short now towards 1.1729 | 07 Desember 2017

07 Desember 2017, EUR/USD

Short now towards 1.1729

Technical Observation:
Perfectly as per yesterday's analysis, Eur declined in value and should continue to fall even during this intraday. earlier today, Eur went below the supportive zone 1.1812-1800, and is currently rallying below this zone. While the price is still below this zone, I'm only interested in short position with my take profit at 1.1729 or even lower. If the price breaks above 1.1812 with a big green candle, then I'll wait for a pullback to the just broken line to buy Eur towards 1.1885 and the next take profit at 1.1945.
Technical Levels
Resistance levels
R1: 1.2012
R2: 1.2094
R3: 1.2326
Pivot
1.1863
Support Levels
S1: 1.1399
S2: 1.1631
S3: 1.178
Trade Signal
Short now towards 1.1729

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Imelda Maseno
Analyst of «FreshForex» company
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