Look for a sell from 1.10757 with your take profit at 1.09530. | 10 September 2019
10 September 2019, EUR/USD
Technical Observation
EURUSD is trading in an active downtrend. While the price is contained below the three Moving Averages and also below 1.10757, I expect a possible momentum to the lowerside and should breakout below 1.09530 towards 1.09160 or even lower. As it is on the daily chart, I'm waiting for a retracement towards 1.10757 to pick a sell. On this chart, only sell positions looks ideal and can be recommended, but in case price breaks above 1.10757, then this may be a good place to look for a buy.
Trade Recommendations:
Look for a sell from 1.10757 with your take profit at 1.09530.
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.
