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Sell a bounce from 1.1062.

Sell a bounce from 1.1062. | 14 Octubre 2019

14 Octubre 2019, EUR/USD

Sell a bounce from 1.1062.

Technical Obsrevation

EURUSD is in a temporary up trend. As we said at the beginning of this month, according to the monthly chart, we're in an active downtrend, therefore, the current move we are seeing to the upper side is a mere correction and should not go above the previous months highest high. On this chart, the best place to look for a sell is if the price bounces off from 1.1062, but should the price breakout higher, then I'll expect further momentum to the upper side towards the next level marked 1.1210.

Trade Recommendations:

Sell a bounce from 1.1062.

Imelda Maseno
Analyst of «FreshForex» company
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