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Place a pending sell limit order at 1.1320 take profit at 1.1285, stoploss above 1.1335.

Place a pending sell limit order at 1.1320 take profit at 1.1285, stoploss above 1.1335. | 07 March 2019

07 March 2019, EUR/USD

Place a pending sell limit order at 1.1320 take profit at 1.1285, stoploss above 1.1335.

Technical Observation

On the forefront, Eurusd is below a key hour support line 1.1320. This pair used this line yesterday as a key resistance and while the price continues to sustain the break below this line, I expect a bearish acceleration towards 1.1295. This view is supported by the fact that the price is currently below the the Simple Moving Average (100). While the price is below both the MA and the line 1.1320 I recommend looking for a sell from 1.1320. Conservative traders can place pending sell orders from 1.1320 with stop loss above 1.1335.

Trade Signal.

Place a pending sell limit order at 1.1320 take profit at 1.1285, stop loss above 1.1335.

Imelda Maseno
Analyst of «FreshForex» company
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