Look for buy orders towards 1.1077 | 05 September 2019
05 September 2019, EUR/USD
Technical Observation
Instead of bouncing off from the alligator indicator marked above, EURUSD continued massively to the upperside and even went above the trend indicator attached above, this is a sign that we're continuing to the upperside. Now that we're above a major trend indicator, we expect a possible momentum even further to the upperside, on this chart, I'm looking at the following levels 1.1077, 1.1153 and 1.0992. As it is, I'm expecting a rise towards 1.1077, therefore I recommend looking for low risk buy orders towards the target which I have mentioned above.
Trade Recommendations:
Look for buy orders towards 1.1077
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.
