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Remain short towards 1.04090.

Remain short towards 1.04090. | 15 May 2019

15 May 2019, EUR/USD

Technical Observation

Eurusd is currently in an active downtrend. According to the daily chart attached, we're looking for long term sell orders towards 1.04090. If you went short based on the forecast we posted yesterday, my recommendations is that you should remain short, and expect the price plunge even lower towards 1.09866. If you're not in any sell position as at the time of writing this, you can wait for a minor retracements back to the upperside to pick a sell order at the least risk possible with your take profit at 1.04090.

Trade Recommendations:

Remain short towards 1.04090.

Imelda Maseno
Analyst of «FreshForex» company
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