Sell Euro below 1.11465 towards 1.04056. | 18 June 2019
18 June 2019, EUR/USD
Technical Observation
Despite the previous forecast that EURUSD could plunge, this pair continues to rise. We expect the upward rally currently being seen on the weekly chart to be a retracement to the upperside but should not violate both the two simple moving averages and the level 1.14783. These are two significant resistance levels and while the price is contained below them, I recommend looking for long term sell orders. And a breakout below 1.11465 will mean we're looking for a long term sell towards 1.04056.
Trade Signal.
Sell Euro below 1.11465 towards 1.04056.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
