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Sell a bounce from the upper trendline.

Sell a bounce from the upper trendline. | 20 September 2019

20 September 2019, EUR/USD

Technical Observation:

EURUSD is currently trading within a rising channel formation. While the price is contained within this shape formation, I'm waiting for a bounce from the upper trendline to pick a sell order. This sell order looks more ideal than a buy from the lower supportive trendlne. If price can rise up to 1.11000, then this will offer an ideal place to look for long term sell orders. This sell is supported by the fact that the monthly chart is also a sell, and a bearish pin bar, On its way downwards, the key lines to look for include 1.09940 and 1.09230.

Trade Recommendations:

Sell a bounce from the upper trendline.

Imelda Maseno
Analyst of «FreshForex» company
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