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