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Buy Eurusd from 1.11783.

Buy Eurusd from 1.11783. | 09 August 2019

09 August 2019, EUR/USD

Buy Eurusd from 1.11783.

Technical Observation

On the 4 hours chart above, I'm waiting for price to hit the 23.6 level to pick a long term buy with an ideal take profit at 1.12251. And in case price breaks below this fib level, then I'll be eyeing a descent towards the next fib level 38.2, 1.11493. Ultimately the price should not go below the 50.00 fib level. Overall, this pair is in an active up trend and chances of continuing to the upper side are very high therefore, we're only interested in looking for buy orders and only when the price is around the 23.6 fib level.

Trade Recommendations:

Buy Eurusd from 1.11783.

Imelda Maseno
Analyst of «FreshForex» company
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