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Sell EURUSD from around 1.09965.

Sell EURUSD from around 1.09965. | 04 September 2019

04 September 2019, EUR/USD

Technical Observation

EURUSD is currently trading with an increasing bearish momentum. While the price is contained below the Moving Averages forming the Alligator trend Indicator attached, we're looking for long term sell orders towards 1.09200. As it looks on this chart, only sell positions looks ideal and can be recommended. On this chart, even a breakout above the previous days highest high may not push us into buying, but in case the price breaks above the three Moving Averages, that will be a good sign that we'e continuing to the upperside.

Trade Recommendations:

Sell EURUSD from around 1.09965.

Imelda Maseno
Analyst of «FreshForex» company
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