Sell a break below 1.18350. | 20 Agosto 2020

20 Agosto 2020, EUR/USD

Sell a break below 1.18350.

Technical Observation

EURUSD is currently rallying around 1.18442. On the 1 Hour Chart , the price is bouncing off of the 50.0% fib level. So while the 52 SMA is giving as a sell signal, we may likely see a surge towards 1.19645 and could breakout even lower. On this chart, we are expecting a possible momentum after a break below 50.0 to the lower side towards 1.17180. At this point, Sell Positions looks ideal but only if the price breaks below the 50.0% fib level, this may push price much lower towards 1.17180.
Trade Recommendations:
Sell a break below 1.18350.
Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.