Look for sell orders towards 1.10514. | 28 August 2019

28 August 2019, EUR/USD

Look for sell orders towards 1.10514.

Technical Observation

Currently, the Overall trend on this pair is downwards. Earlier today, Eurusd went below the 76.4 fib level, 1.10937 and is still rallying below it. Today and possibly during the next few days, we expect a momentum towards the daily low, 1.10514. This is a key level and should price breakout below it, then this will be a confirmation that we're continuing to the lowerside towards 1.10400 or even lower. On the upperside, the highest we expect price to go up to this week is around the 38.2% fib level or 1.11621.

Trade Recommendations:

Look for sell orders towards 1.10514.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus