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Sell a break below 1.1000 or a bounce from 1.1040.

Sell a break below 1.1000 or a bounce from 1.1040. | 14 November 2019

14 November 2019, EUR/USD

Technical Observation

EURUSD is currently in an active downtrend just as previously forecasted. Following the break below the 23.6% fib level, EURUSD established a swing low low around 1.1000. This is not a very key level and if the price can successfully break and close below it, then this will be a confirmation that we are continuing to the lower side with the next ideal take profit being 1.0231 and could breakout even lower. As it is on the 4 hours attached, I expect a momentum towards 1.1040 to give us a low risk sell opportunity.

Trade Recommendations:

Sell a break below 1.1000 or a bounce from 1.1040.

TRADE FUEL WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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