While the price is below 1.11487, look for long term sell orders. | 24 July 2019

24 July 2019, EUR/USD

While the price is below 1.11487, look for long term sell orders.

Technical Observation

EURUSD is currently trading with an increasing bearish bias momentum. While the price is contained below the two simple moving averages, we expect a possible momentum to the lowerside. On the chart, only sell positions looks ideal and can be recommended, but in case the price breaks above 1.11487, then we'll wait for price to go above the two simple moving average to pick a long term buy order with an ultimate target at 1.12230. On the lowerside a break below 1.11385 will push the price even lower.

Trade Recommendations:

While the price is below 1.11487, look for long term sell orders.

Imelda Maseno
Analyst of «FreshForex» company
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