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Sell EURUSD with your target at 1.16214.

Sell EURUSD with your target at 1.16214. | 07 October 2020

07 October 2020, EUR/USD

Sell EURUSD with your target at 1.16214.

Technical Observation

During the previous trading day, EURUSD bounced off nicely from the upper trendline and is still pretty much bearish both on the daily and on the 4 hours chart. On this chart, my main focus is on the sellers. Our exceptions is that the price should continue to the lowerside with an ultimate target set around 1.16214. A break below this level will push the price much lower towards 1.14085 or even lower. At this point sell positions looks ideal and can safely be recommended with an ideal target at 1.14085.

Trade Recommendations:

Sell EURUSD with your target at 1.16214.

Imelda Maseno
Analyst of «FreshForex» company
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