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Sell abounce from 1.12494

Sell abounce from 1.12494 | 12 August 2019

12 August 2019, EUR/USD

Technical Observation

Technically, Euro is in an active up trend. What we're looking at on this chart is the daily high, 1.12494 and the 38% fib level, or 1.11643. These are the key levels that we expect price to remain confined in. While the price remains within the 100% fib level and 38.2% fib level, we're only interested in trading reversals, and should price breakout above the 1.12494, then this will mean we're continuing to the upperside with our ideal take profit being 1.13 and could extend even higher towards 1.15.

Trade Signal.

Sell a bounce from 1.12494

Imelda Maseno
Analyst of «FreshForex» company
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