Resell EURUSD from 1.09658. | 26 September 2019
26 September 2019, EUR/USD
Technical Observation
EURUSD is currently in an active downtrend. While the price is contained below the three simple moving averages acting as components of the Alligator trend indicator, I expect further momentum to the lowerside with my targets being 1.09430, and 1.08424 respectively,. if price breaks below the last take profit, then I'm expecting a steep decline even lower with the next ideal take profit being 1.07 or even lower. The idea is to wait and sell a retracement back towards 1.09658, this will offer an ideal sell place.
Trade Recommendations:
Resell EURUSD from 1.09658.
TRADE METALS WITHOUT SWAPS!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.
