03 Juli 2017, EUR/USD
Technical Observation For the past week,Eur spiked upwards and even took-out my take profit set at the weekly resistance line 1.1448. On the weekly chart above, I'm waiting for a reversal from this line to short Eur towards 1.0443. A clear breakout above 1.1448 will mean waiting for a breakout above 1.1714 to confirm a bullish move towards 1.2766. From the same chart, short positions seems more ideal and can be recommended unless 1.1448 is not broken upwards.
Technical levels:
Resistance levels
R1: 1.1232
R2: 1.1269
R3: 1.1364
Pivot
1.1175
Support Levels
S1: 1.0987
S2: 1.1081