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Look for a sell from within 1.1122-1.1076 with your take profit at 1.0897.

Look for a sell from within 1.1122-1.1076 with your take profit at 1.0897. | 19 November 2019

19 November 2019, EUR/USD

Look for a sell from within 1.1122-1.1076 with your take profit at 1.0897.

Techniocal Observation

Yesterday, EURUSD pulled back to the upperside but is currently approaching a key resistance zone 1.1076-1.1122. This is a key zone and as long as the price remains below it, we expect a possible bounce from around 1.1076 to pick a long term sell order with an ideal take profit at 1.0897. On its way to the lowerside, the key levels to look for include 1.1025, 1.0985 and 1.0945. If these levels are broken, then further momentum to the lowerside is expected with the next ideal take profit at 1.0897.

Trade Recommendations:

Look for a sell from within 1.1122-1.1076 with your take profit at 1.0897.

Imelda Maseno
Analyst of «FreshForex» company
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