Sell EURUSD towards 1.09440. | 17 September 2019
17 September 2019, EUR/USD
Technical Observation:
EURUSD is still in an active Downtrend. Just as we mentioned yesterday, EURUSD rallied intensely to the lowerside breaking below 1.10020. While the price is contained below this line, I expect an acceleration towards 1.09440 and could extend even lower. On this chart, Only sell positions looks ideal and can be recommended. But, should the price rise above 1.10753, then this will be a good place to look for buy orders but with an ideal take profit at 1.12335. If this take profit is broken, then further momentum towards 1.14075 is expected.
Trade Recommendations:
Sell EURUSD towards 1.09440.
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.
