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Wait for a possible retracement up to the previous day's opening price then kick a long-term solution.

Wait for a possible retracement up to the previous day's opening price then kick a long-term solution. | 10 January 2020

10 January 2020, EUR/USD

Technical Observation

Euro continues to move to the low side perfectly in line with what was forecasted yesterday, as long as the price does not break beyond the upper trendline around 1.1 1780, we expect price to proceed much lower and could break below the previous day;s lower low, but should not go beyond 1.0920, if you looking for trade right now, wait for a possible correction up to a previous day's opening price then pick a long-term sell position with your stop loss above the previous week's highest high and the stop loss around the level with mentioned above
Trade Recommendation
Wait for a possible retracement up to the previous day's opening price then kick a long-term solution.
Bob Stan
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