Sell EURUSD from1.11615 with your take pofit at 1.10230. | 26 Agosto 2019

26 Agosto 2019, EUR/USD

Sell EURUSD from1.11615 with your take pofit at 1.10230.

Technical Observation

Last week, Euro rose tremendously but failed to breakout above the turncoat resistance level 1.11615. This is a key level and while the price fails to rise beyond this level, I'm waiting for a bounce from it to pick a low risk sell order towards the verified support level 1.10230. This support, 1.10230, has been tested once and while the price bounces off from it, we are waiting for a clear buy signal. As it is on the 4 hour chart, we expect a possible sell. A break above 1.111615 will push the price higher towards proven resistance level 1.12540.

Trade Recommendations:

Sell EURUSD from 1.11615 with your take profit at 1.10230.

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.