Sell EURUSD with your take profit at 1.09630.

08 November 2019, EUR/USD

Sell EURUSD with your take profit at 1.09630.

Technical Observation

EURUSD is currently in an active active downtrend. Following the break below the level 1.1075, I expect further momentum to the lower side and should head straight towards the level 1.09630 or the swing low. A bounce from the swing low will give us the best opportunity to pick a low risk buy. But in case the price breaks and closes below the swing low, then I expect further momentum to the lowerside towards 1.06025. On its way downwards, the key lines to look for include 1.0845, and 1.07215.

Trade Recommendations:

Sell EURUSD with your take profit at 1.09630.

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 .
© 2004—2019 FreshForex – Forex broker
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Call

Get bonus

FreshForexInstant deposit