Wait | 07 October 2019

07 October 2019, EUR/USD

Wait

Technical Observation

Last week, EURUSD rose significantly but could not break above the 23.6% fib level, 1.09907, this week, we expect either a retracement back towards the 50.0% fib level or a rise towards the daily high 1.10252. A break above this level could mean we're continuing to the upper side with the next ideal take profit being 1.210 or even higher. And on the other side, should the price break below 1.09520, then this will mean we're continuing to the lowerside with an ultimate target at 1.108789.

Trade Recommendations:

Wait.

TRADE METALS WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .