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Sell eur around the previous day's highest high.

Sell eur around the previous day's highest high. | 10 May 2019

10 May 2019, EUR/USD

Sell eur around the previous day's highest high.

Technical Observation

After breaking below the supportive trendline, Eur pulled back to the same trendline but could not rise higher. While the price is held below this trendline, I expect a steep decline towards 1.11190. If you're not in any position at the momentum, you could wait and sell this pair around the previous day's highest high with your stoploss slightly higher. . With that sell position, have your take profit at 1.11190. If the price can close above 1.12535, then this will be a good sign that the price is continuing even higher.

Trade Signal.

Sell Eur around the previous day's highest high.

Imelda Maseno
Analyst of «FreshForex» company
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