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Sell EUR within 1.1744-1.1715

Sell EUR within 1.1744-1.1715 | 30 September 2020

30 September 2020, EUR/USD

Sell EUR within 1.1744-1.1715

Technical observation

Yesterday EUR rose up to the resistance zone 1.1744-1.1715, however, it did not break above it, price bounced within the zone as i had anticipated and is currently trading with an increasing bearish momentum. Within the zone mentioned above is the ideal place to sell this pair with your take profit at 1.1453 and stop loss at 1.1847. If price hit this take profit and penetrate below it with a big red candle, wait for a pullback to the just broken a line and a bounce at it before you continue short with this pair. On your way downwards, the key levels to look for include the zone 1.1150-1.1115, 1.0907 and 1.0660.

Trade recommendation

Sell EUR within 1.1744-1.1715 with your take profit at 1.1453.

Imelda Maseno
Analyst of «FreshForex» company
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