Sell EURUSD towards 1.09440.

12 September 2019, EUR/USD

Sell EURUSD from 1.10740 with your take profit at 1.09440.

Technical Observation

Yesterday, EURUSD declined massively and even went below the two moving averages above. As we started in our previous forecast, while the price is contained below these two, I'm expecting further decline with an ultimate take profit around 1.0944. According to the chart attached, this pair is very bearish and chances of continuing to the lowerside are very high. Buying or holding a buy position on this pair is very risky and may not be recommended. A break below 1.0944 will push price even lower.

Trade Recommendations:

Sell EURUSD towards 1.09440.

Imelda Maseno
Analyst of «FreshForex» company
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