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Sell EURUSD from 1.10740 with your take profit at 1.09440.

Sell EURUSD from 1.10740 with your take profit at 1.09440. | 11 Septiembre 2019

11 Septiembre 2019, EUR/USD

Sell EURUSD from 1.10740 with your take profit at 1.09440.

Technical Observation

EURUSD was in an active downtrend after breaking below 1.10740 but as it looks now, We're likely to see a retracement towards 1.10740. A breakout above this level could be a good confirmation that we're continuing to the upperside towards 1.12655. Since the higher timeframes looks very bearish, we're expecting the current move to the upperside to be a correction and should not go beyond 1.10740. In case the price bounces off from 1.10740, then this will be a good place to look for sell orders towards 1.09735.

Trade Recommendations:

Sell EURUSD from 1.10740 with your take profit at 1.09440.

Imelda Maseno
Analyst of «FreshForex» company
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