Look for sell orders towards 1.10514. | 28 August 2019
28 August 2019, EUR/USD
Technical Observation
Currently, the Overall trend on this pair is downwards. Earlier today, Eurusd went below the 76.4 fib level, 1.10937 and is still rallying below it. Today and possibly during the next few days, we expect a momentum towards the daily low, 1.10514. This is a key level and should price breakout below it, then this will be a confirmation that we're continuing to the lowerside towards 1.10400 or even lower. On the upperside, the highest we expect price to go up to this week is around the 38.2% fib level or 1.11621.
Trade Recommendations:
Look for sell orders towards 1.10514.
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.
