Wait for a sell around the upper trendline. | 23 September 2019
23 September 2019, EUR/USD
Technical Observation
EURUSD is currently trading within a possible triangular formation. And while the price is contained within this shape formation, I recommend waiting for a bounce from the upper trendline to pick a long term sell order. On its way to the upperside, I expect price to find a major hurdle around 1.10320. On if the price goes above this level will I expect a continuation towards the just mentioned trendline. In case the price breaks above this trendline, then a momentum further even higher is expected towards 1.11090.
Trade Recommendations:
Wait for a sell around the upper trendline.
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.
