Wait for retracements towards 1.10793 to pick a low risk sell order. | 30 August 2019
30 August 2019, EUR/USD
Technical Observation
Yesterday, EURUSD went striaght to the lowerside and is now below a significant level 1.10793. This is a key daily level and while the price is held below it, I expect nothing but a possible momentum further to the lowerside. If the current week's candle candle close below 1.0793, then this week, and possibly during the next week, we'll expect nothing but a possible momentum to the lowerside. The idea is to wait for retracements back towards 1.10793 to pick low risk sell orders towards 1.099.
Trade Recommendations:
Wait for retracements towards 1.10793 to pick a low risk sell order.
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.
