Sell a break below the recent lowest low. | 27 September 2019
27 September 2019, EUR/USD
Technical Observation
EURUSD is in an active downtrend. While the price is contained within the declining, yet contracting wedge formation, I expect a possible acceleration even further to the lowerside. If you're looking forward to having a long term trade, then this pair is the best choice, wait for a retracement back towards the upper trendline then pick a low risk sell order. Alternatively, you could wait for a break below the recent lowerside low, then pick a low risk sell order towards 1.0765 and could continue even lower.
Trade Recommendations:
Sell a break below the recent lowest low.
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.
