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Wait for a retracement towards 1.1051 to pick a low risk sell order.

Wait for a retracement towards 1.1051 to pick a low risk sell order. | 02 September 2019

02 September 2019, EUR/USD

Wait for a retracement towards 1.1051 to pick a low risk sell order.

Technical Observation:

Eurusd is currently trading below the daily low of 1.1051. This is a possible sign that we’re continuing to the lowerside, therefore, while the price is contained below the 0.0 fib level, we’re expect a possible momentum further to the lowerside. Basically, on this chart, we’re looking at the following levels for potential trades, 1.1002, 1.1051,1.1093, 1.1119,1.1140 and 1.1185. It price is to retrace to the upperside, then these are the possible place to pick sell trades in case of bounce.
Trade Recommendations:
Wait for a retracement towards 1.1051 to pick a low risk sell order.
Imelda Maseno
Analyst of «FreshForex» company
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