11 Januari 2018, EUR/USD
Technical observation
In the past two days on the daily chart above,EUR has declined steadily and is currently approaching a key zone (1.1859-1.1844),while the price is above this zone, I expect a rejection from it to pick long position towards 1.2073 or the price to move even higher. Should the price break below it then ill wait for a retracement to the just broken level to short EUR to short EUR towards 1.1583.My advice is you wait for a retracement to the zone then buy EUR within it with your take profit at 1.2073.On the way upwards the key line to look for is 1.2073.
Technical levels
Resistance levels
R1.1.2004
R2.1.2059
R3.1.2155
Pivot
1.1965
Support levels
S1.1.1909
S2.1.1868
S3.1.1773
Trade signal
wait for a retracement to the zone(1.1859-1.1844) then buy EUR within it with your take profit at 1.2073 and stop loss slightly below 1.1844