Sell EURUSD with your take profit at 1.09965 | 18 September 2019
18 September 2019, EUR/USD
Technical Observation
EURUSD is below a significant resistance trendline. While the price is contained below this trendline, I'm expecting a possible plunge towards 1.09963. On its way to the lowerside, the key lines to look for include 1.10475, 1.10220 and 1.10050. If the price breaks below these levels, then a momentum towards 1.0821 or even lower. On this chart, a break above the same trendline will mean waiting for a retracement back to the same trendline to pick a low risk buy order towards 1.11155.
Trade Recommendations:
Sell EURUSD with your take profit at 1.09965
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.
