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Buy a bounce from within 1.10775-1.10610 with your take profit at 1.11105.

Buy a bounce from within 1.10775-1.10610 with your take profit at 1.11105. | 23 August 2019

23 August 2019, EUR/USD

Buy a bounce from within 1.10775-1.10610 with your take profit at 1.11105.

Technical Observation

On this chart, the zone 1.10775-1.10610 is a major support which is yet to be tested properly. While the price is contained around this zone, we're looking for low risk buy orders. But should price break below 1.10610, then this will be a good place to look for long term sell orders towards 1.10525 or even lower. On the other side, a bounce from 1.10610 will call for a low risk buy order with an ideal take profit at 1.11105 and the next ideal take profit at 1.11350. On this only low risk buy positions from 1.10683 looks more ideal and can be recommended.

Trade Recommendations:

Buy a bounce from within 1.10775-1.10610 with your take profit at 1.11105.

Imelda Maseno
Analyst of «FreshForex» company
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