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Look for a sell from 1.10757 with your take profit at 1.09530.

Look for a sell from 1.10757 with your take profit at 1.09530. | 10 September 2019

10 September 2019, EUR/USD

Look for a sell from 1.10757 with your take profit at 1.09530.

Technical Observation

EURUSD is trading in an active downtrend. While the price is contained below the three Moving Averages and also below 1.10757, I expect a possible momentum to the lowerside and should breakout below 1.09530 towards 1.09160 or even lower. As it is on the daily chart, I'm waiting for a retracement towards 1.10757 to pick a sell. On this chart, only sell positions looks ideal and can be recommended, but in case price breaks above 1.10757, then this may be a good place to look for a buy.

Trade Recommendations:

Look for a sell from 1.10757 with your take profit at 1.09530.

Imelda Maseno
Analyst of «FreshForex» company
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