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Resell euro from 1.11296

Resell euro from 1.11296 | 02 August 2019

02 August 2019, EUR/USD

Resell euro from 1.11296

Technical Observation

EURUSD is currently trading with an increasing bearish bias momentum. Few days ago, the price went below the supportive zone 1.11228-1.11296 and is still rallying below this line. The break below this zone is a good sigh that the price is heading further to the lowerside,and despite the previous day's bullish pin bar, we're still heading to the lowerside. The bullish pin bar seen yesterday is the unfolding of a bullish retracement but must not go beyond 1.11296. Conservative traders should look for sell orders from 1.11296.

Trade Recommendations:

Resell euro from 1.11296

Imelda Maseno
Analyst of «FreshForex» company
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