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Sell eurusd towards 1.1010.

Sell eurusd towards 1.1010. | 06 January 2020

06 January 2020, EUR/USD

Sell eurusd towards 1.1010.

Technical Observation:

After a steep momentum to the upper side, EURUSD bounced off from around 1.1240 and is currently heading to the lower side, as it on this chart, we are in a downtrend. While the ADX red handle is above the green handle and the main line above the 258 level, we recommend looking for sell orders. This bearish price rally is supported by the fact the Alligator trend indicator is above the price, we are therefore looking for long term sell orders towards 1.1089. A break any lower could push the price towards 1.1010.
Trade Recommendations:
Sell eurusd towards 1.1010.
Imelda Maseno
Analyst of «FreshForex» company
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