Look for sell orders. | 26 July 2019
26 July 2019, EUR/USD
Technical Observation
EURUSD is currently trading in an increasing bearish bias momentum. Despite the spike we saw during the previous trading day, Euro is still in an active downtrend. While the price is below the two simple moving averages, 20 and 52, I expect a steep decline, if you;'re looking for a trade on this pair, have your pending sell limit around the previous day's highest high with your stop loss slightly above and take profit at 1.11135. As it is, only sell positions looks more ideal and can be recommended.
Trade Recommended.
Look for sell orders.
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.
