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Waitiing for a resell from 50.0% fib level.

Waitiing for a resell from 50.0% fib level. | 20 November 2019

20 November 2019, EUR/USD

Technical Observation

Last week, EURUSD started retracing to the uppertside and by yesterday, the pair almost made 50.% retracement, while the price is not able to break and close above 50.0% fib level, I'm waiting for a clear bounce from this level to pick a long term sell order with our take profit at 38.2% fib level, and the next take profit at 23.6. And in case the price goes below below the last take profit then we will expect further momentum even lower towards the swing low price established few days ago around 1.09970.

Trade Recommendations:

Waiting for a resell from 50.0% fib level.

TRADE FUEL WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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