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Wait for a sell signal from around 1.19364 with your target at 1.16190.

Wait for a sell signal from around 1.19364 with your target at 1.16190. | 06 October 2020

06 October 2020, EUR/USD

Technical Analysis

On this chart, my focus is only on three levels 1.13752,1.16190 and 1.19364. If the price successfully goes above the upper trendline, then this may mean we are continuing to the upperside towards 1.19364. A bounce from the same trendline will push the price downwards towards a lower target set at 1.16190. On this chart, I am intrested in a sell especially if the price bounces off from the upper trendline. A break beyond 1.19364 will push the price much higher towards 1.31 or even higher.

Trade Recommendations:

Wait for a sell signal from around 1.19364 with your target at 1.16190.

Imelda Maseno
Analyst of «FreshForex» company
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