Wait and sell a bounce from 76.4% fib level or wait and sell a bounce from 50.0% fib level. | 30 September 2019

Technical Observation

This week, I expect EURUSD to either break below the daily low 1.09047 or is should remain within a range not going above 1.10862 or below 1.09047. On this chart, I'm waiting for a possible retracements back towards the following levels 74.4% fib level, 1.09473, 61.4% fib level, 1.09740 and 50.0% fib level, 1.09954. Basically, I'm, expecting a possible retracement back to the upperside but should not go above the 50.0% fib level, and should price bounce off of any fibs below 50.0%, then this will mean we're looking for sell.

Trade Recommendations:

Wait and sell a bounce from 76.4% fib level or wait and sell a bounce from 50.0% fib level.