Sell EURUSD at 1.9047. | 01 October 2019
01 October 2019, EUR/USD
Technical Observation
EURUSD is below the daily low 1.09047. EURUSD is in an active downtrend, and while the price is contained below 1.09047, I'm expecting further momentum to the lowerside. However, instead of looking for a sell immediately, I recommend waiting for a pullback towards 76.4% fib level to pick a low risk sell order. The maximum the price should retrace back up to is 50.0% fib level or 1.09954. But on this chart, Only sell positions can be recommended and should price pullback towards 1.09047, this could be a good sell place.
Trade Recommendations:
Sell EURUSD at 1.9047.
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.
