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Sell EURUSD with your take profit at 1.09630.

Sell EURUSD with your take profit at 1.09630. | 08 Noviembre 2019

08 Noviembre 2019, EUR/USD

Sell EURUSD with your take profit at 1.09630.

Technical Observation

EURUSD is currently in an active active downtrend. Following the break below the level 1.1075, I expect further momentum to the lower side and should head straight towards the level 1.09630 or the swing low. A bounce from the swing low will give us the best opportunity to pick a low risk buy. But in case the price breaks and closes below the swing low, then I expect further momentum to the lowerside towards 1.06025. On its way downwards, the key lines to look for include 1.0845, and 1.07215.

Trade Recommendations:

Sell EURUSD with your take profit at 1.09630.

Imelda Maseno
Analyst of «FreshForex» company
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