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Sell EURUSD in case of a bounce from 1.1025.

Sell EURUSD in case of a bounce from 1.1025. | 11 October 2019

11 October 2019, EUR/USD

Sell EURUSD in case of a bounce from 1.1025.

Technical Observation

Just as we indicated in the previous day's forecast, EURUSD rose significantly and even hit the daily high 1.1025 but could not sustain the break above it. While the price is contained below this level, 1.1025, we expect a possible momentum to the lowerside. On its way to the lower side the key levels to look for include 1.0990, 1.0969, 1.0952 and 1.0934. If these levels are broken including the last once, then a momentum towards the daily low, 1.0913 is expected and could breakout lower.

Trade Recommendations:

Sell EURUSD in case of a bounce from 1.1025.

TRADE METALS WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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