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Buy EURUSD with your take profit at 1.1110.

Buy EURUSD with your take profit at 1.1110. | 03 Diciembre 2019

03 Diciembre 2019, EUR/USD

Buy EURUSD with your take profit at 1.1110.

Technical Observation

After 61.8% fib retracement, EURUSD could not breakout even lower. After the bounce from around 1.0990, EURUSD rallied to the upper side and is now above 38.2% fib level, I expect a possible momentum to the upper side and should rally straight towards the swing high 1.1170. And in case the price breaks and closes above 1.1170, then further momentum to the upper side is expected with an ultimate target at 1.121 or even higher. Otherwise, should the price break below 38.2% fib level, then we're sellers towards 50.0% fib level.

Trade Recommendations:

Buy EURUSD with your take profit at 1.1110.

Imelda Maseno
Analyst of «FreshForex» company
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