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We're selling euro from 1.12485

We're selling euro from 1.12485 | 29 March 2019

29 March 2019, EUR/USD

We're selling euro from 1.12485

Technical Observation

Eurusd is trading with an increasing bearish bias momentum. Overal, this pair is in an active downtrend, and while the price remains below the two simple moving averages, I expect a further decline and may end up breaking below the recent lowest low 1.2215. On this chart, I only recommend looking for sell orders, and any pullbacks towards the fast moving average will attract a long term sell. Currently, I'm looking at 1.12485, and 1.12890 as potential sell areas, anytime the price approaches any of these lines, I'll look for a sell.

Trade Recommendations:

We're selling euro from 1.12485

Imelda Maseno
Analyst of «FreshForex» company
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