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Sell a break below 1.11339 towards 1.10689.

Sell a break below 1.11339 towards 1.10689. | 08 January 2020

08 January 2020, EUR/USD

Technical Observation

earlier this week, Eurusd attempted a break below 1.11339 but could not break any lower, we went long following this bounce with our stops around 1.11989 and the other stop at 1.11091. On this chart, if the price declines towards 1.11339 and break lower, that would mean we are waiting for price around 1.11091, if the price breaks below this level, then further momentum to the lower side is expected towards 1.10689. A break below this level will push the price much lower towards 1.10620.

Trade Recommendations:

Sell a break below 1.11339 towards 1.10689.

Imelda Maseno
Analyst of «FreshForex» company
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