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Sell EURUSD from 1.11298 with your take profit at 1.10975.

Sell EURUSD from 1.11298 with your take profit at 1.10975. | 09 January 2020

09 January 2020, EUR/USD

Sell EURUSD from 1.11298 with your take profit at 1.10975.

Technical Observation

Yesterday, EURUSD declined below the zone 1.11296-1.11247. While the price is held below the set of Moving averages forming parts of the Alligator trend indicator, I expect a possible momentum to the lower side and should break below 1.11050. While this is true, that the price is below 1.11296-1.11247, and also below the Alligator trend indicator attached, we are heading to the lower side,we are basically, waiting for a pullback to the upper side to pick a low risk sell order towards 1.0975.

Trade Recommendations:

Sell EURUSD from 1.11298 with your take profit at 1.10975.

Imelda Maseno
Analyst of «FreshForex» company
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