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Sell EURUSD towards 1.08895.

Sell EURUSD towards 1.08895. | 12 November 2019

12 November 2019, EUR/USD

Technical Observation

Since last week, EURUSD has been in an active downtrend. While EURUSD remains below the declining Moving Average shown above, I expect a steep momentum to the lowerside and should break below the previous day's lowest low towards 1.08895. On its way to the lowerside, the key lines to look for include 1.09815, 1.09445, 1.09080 and 1.08895. As it is on this chart, only sell positions looks ideal and can be recommended, but in case we see a green moving average, then we may consider a buy order.

Trade Recommendations:

Sell EURUSD towards 1.08895.

TRADE FUEL WITHOUT SWAPS!
Imelda Maseno
Analyst of «FreshForex» company
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