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Sell EUR/USD at 1.1454

Sell EUR/USD at 1.1454 | 30 November 2018

30 November 2018, EUR/USD

Sell EUR/USD at 1.1454

Technical observation

EUR is correcting to a key level 1.1454 and I expect nothing but a bounce at it followed by possible bearish momentum towards 1.1214 and a breakout below it for a further decline in price. Currently I am neutral and waiting for the rejection at the level 1.1214 to re-sell this pair with my take profit at 1.1214 and stop loss at 1.1576, continue short with EUR after a breakout below 1.1214 and a correction to it. Should there be a clear penetration above 1.1454, then bullish price rally will be anticipated towards the resistance zone 1.1840-1.1799.You can only long this pair on the second retracement to the just broken key level.

Trade recommendation

Sell EUR/USD at 1.1454 with your take profit at 1.1214 and stop loss at 1.1576.

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Imelda Maseno
Analyst of «FreshForex» company
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