8094896 11/9/2017 6:43 PM, EUR/USD Intraday: further advance.


Pivot: 1.1610


Our preference:

long positions above 1.1610 with targets at 1.1665 & 1.1695 in extension.


Alternative scenario:

below 1.1610 look for further downside with 1.1580 & 1.1555 as targets.


Comment:

the break above the resistance at 1.1610 triggered an upward acceleration to 1.1665. The pair has broken above a bearish channel resistance: this is expected to favour a limited recovery.


Supports and resistances:


1.1730 **

1.1695 **

1.1665 **


1.1635

Last

1.1610 ***

1.1580 *

1.1555 **