Trade Wait for a possible resell from 1.08199. | 24 February 2020

24 February 2020, EUR/USD

Trade Wait for a possible resell from 1.08199.

Technical Observation

EURUSD established a swing low around 1.07775 and could not go any lower. After that, the pair retraced back to the upper side almost hitting the 50.0% fib level but could not break to the upperside. We were waiting for a possible rebound from the 50.0% fib level to pick a long term sell order towards 1.07775. Unfortunately, the price moved to the lowerside and is still very much bearish both on the daily charts. As it is now, I recommend looking for long term sell orders towards 1.07775.

Trade Recommendations:

Trade Wait for a possible resell from 1.08199.

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