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Sell a break eblow 1.10900 with your take profit at 1.10470.

Sell a break eblow 1.10900 with your take profit at 1.10470. | 27 August 2019

27 August 2019, EUR/USD

Sell a break eblow 1.10900 with your take profit at 1.10470.

Technical Observation:

Yesterday, Eurusd established a good hourly resistance zone 1.11640-1.11770 and could not breakout above it. While the price is contained below this zone, I expect a possible momentum to the lowerside towards the untested support zone marked 1.10470-1.10600. As it is on the hourly chart, I'm waiting for a break below the weak support level 1.10900 to pick a low risk sell order towards the next level 1.10600. A break below this level will push the price further to the lowerside towards 1.1000.

Trade Recommendations:

Sell a break eblow 1.10900 with your take profit at 1.10470.

Imelda Maseno
Analyst of «FreshForex» company
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