Sell EURUSD towards 1.09290. | 20 Diciembre 2019

20 Diciembre 2019, EUR/USD

Sell EURUSD towards 1.09290.

Technical Observation

EURUSD is currently below the supportive zone 1.11725-1.11415. While the price contained below this zone, I expect further momentum to the lower side and should break below 1.09290 towards 1.08530. This bearish price rally is the supported by the fact that the price below the two simple moving averages and while this is true that the price is below the zone 1.11725-1.11415 and below the Simple Moving average attached, I expect further momentum even further towards 1.08530.

Trade Recommendations:

Sell EURUSD towards 1.09290.

Imelda Maseno
Analyst of «FreshForex» company
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