Buy EURUSD for now, with your take profit at 1.11793. | 30 Octubre 2019

30 Octubre 2019, EUR/USD

Buy EURUSD for now, with your take profit at 1.11793.

Technical Observation

According to the two moving averages attached, EURUSD is ins an active up trend. And, while the price is contained above these two Simple moving averages, I expect a possible momentum towards the daily high 1.11793. On its way to the upperside, the key levels to look for include 23.6% fib level, 1.11349, if this level is broken, then further momentum to the upperside is expected. And on the bears side, should price, break and close below 50.0% fib level, 1.10852, then this will confirm that we are continuing to the lower side.

Trade Recommendations:

Buy EURUSD for now, with your take profit at 1.11793.

Imelda Maseno
Analyst of «FreshForex» company
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