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Wait | 06 December 2019

06 December 2019, EUR/USD

Technical Observation

EURUSD is in an active up trend. Earlier this year, EURUSD established a swing around 1.1115. While the price is not able to break above this swing high, we choose to remain flat, but should the price break above 1.1115, then we will consider a long term buy order with an ultimate target at 1.1125. But in case the price bounces off from 1.1115, then we will consider a long term sell. This position is supported by the fact that the Traders Dynamic Index lines are above 68.0, we're waiting for a long term sell.

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Imelda Maseno
Analyst of «FreshForex» company
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