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Wait for a sell around the upper trendline.

Wait for a sell around the upper trendline. | 23 September 2019

23 September 2019, EUR/USD

Wait for a sell around the upper trendline.

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.

Imelda Maseno
Analyst of «FreshForex» company
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