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Buy EURUSD around 1.10300 towards 1.11020.

Buy EURUSD around 1.10300 towards 1.11020. | 06 Septiembre 2019

06 Septiembre 2019, EUR/USD

Buy EURUSD around 1.10300 towards 1.11020.

Technical Observation

According to the Hourly chart attached, EURUSD is currently trading in an on setting up trend. While the price is being contained above the Alligator trend indicator attached, I'm expecting a possible acceleration towards 1.11020. On its way upwards, the levels to look for include 1.10660, 1.10900 and 1.11020. And on the other side, should the price break be the three Moving averages forming the Alligator trend indicator, then I'll expect a drop in price with my target being 1.09340. On its way downwards, the key lines to look for include 1.10180, and 1.09700.

Trade Recommendations:

Buy EURUSD around 1.10300 towards 1.11020.

Imelda Maseno
Analyst of «FreshForex» company
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