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Sell Eur from 1.1532. with your take profit along the supportive trendline.

Sell Eur from 1.1532. with your take profit along the supportive trendline. | 04 December 2018

04 December 2018, EUR/USD

Sell Eur from 1.1532. with your take profit along the supportive trendline.

Technical Observation

Eurusd continues to make lower lows just as we forecasted in our previous forecasted. We're still waiting for a possible retracement towards the level 1.1532 to pick a long term short position towards the supportive trend line marked red above. The idea here to wait for price to pullback, or place a pending sell limit around 1.1532. If you're flat as we stated previously, you could stay flat but have your pending sell limit order at 1.1532. Other than this level, the next key level to look for include 1.1435 and 1.1832.

Trade Signal.

Sell Eur from 1.1532. with your take profit along the supportive trendline.

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Imelda Maseno
Analyst of «FreshForex» company
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