Resell EURUSD from within 1.10524-1.10752 with your take profit at 1.09550. | 09 September 2019
09 September 2019, EUR/USD
Technical Observation
EURUSD is in an active downtrend. Following the bearish pin bar seen last week on Thursday, I expect Eurusd to continue to the lowerside and should break below 1.09550 towards 1.09160. While the price is contained below the three moving averages acting a dynamic resistance, I expect a steep decline towards 1.09160. On it way downwards, the key lines to look for include 1.09950, and 1.09550. A break below these level will push the price further towards 1.080 or even lower.
Trade Recommendations:
Resell EURUSD from within 1.10524-1.10752 with your take profit at 1.09550.
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.
