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Waiting for retracements to pick sell orders

Waiting for retracements to pick sell orders | 03 September 2019

03 September 2019, EUR/USD

Waiting for retracements to pick sell orders

Technical Observation

EURUSD is currently trading with an increasing bearish bias momentum. According to the Alligator trend indicator attached, we're in an active downtrend, and while the price is contained below this indicator, We're looking for long term sell orders towards 1.08. On its way downwards, the key lines to look for include 1.09255, 1.08542 and 1.0840. If the price break below this levels, then further momentum towards 1.07 is expected. To enter trades on this pair with the lowest risk, one should wait for ratracements towards 1.09965.

Trade Recommendations:

Wait for retracements to pick low risk sell orders from 1.09965

Imelda Maseno
Analyst of «FreshForex» company
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