Only sell a break below 1.09425. | 19 September 2019
19 September 2019, EUR/USD
Technical Observation
EURUSD is in an active downtrend on the monthly chart. However, on the 4 hour chart, EURUSD is rising within a wedge formation. While the price is contained within this shape formation, I'm looking for low risk buy position towards the upper trendline. On the attached chart above, I'm waiting for a bounce from the upper trendline to pick a long term sell order towards the lower trendline. And in case the price breaks below the lower trendline, then further momentum to the lowerside is expected.
Trade Recommendations:
Only sell a break below 1.09425.
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.
