26 September 2017, EUR/USD
Technical Observation
Eur is still rallying within our buy zone 1.1876-1.1641. Unless there's a clear bearish breach below this zone, I remain hesitant to short Eur, instead, I'm waiting for a breakout above 1.1876 to confirm a possible bullish price rally towards 1.2056. On the way upwards key lines can be seen around 1.1932, 1.2003 and 1.2067. This is from a bullish perspective, however, is the line 1.1641 is breached, then a drop towards 1.1741 is expected. In the meantime, I'm flat waiting for a clear move.
Technical levels:
Resistance levels
R1: 1.1912
R2: 1.1977
R3: 1.2082
Pivot
1.1872
Support Levels
S1: 1.1662
S2: 1.1767
S3: 1.1807
Trade Signal: Flat
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