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Sell a retracement back towards 1.09475.

Sell a retracement back towards 1.09475. | 03 October 2019

03 October 2019, EUR/USD

Sell a retracement back towards 1.09475.

Technical Observation

Yesterday, EURUSD retraced back to the upperside and even went above 76.4% fib level, 1.09475 but could not sustain this break. Now that the price has gone back below 1.09475, we're expecting a possible decline towards the daily low 1.09047. A break below this line will push the price even further to the lowerside with the next ideal take profit at 1.08740. And on the other side, should the price break above 1.09475, then this will push the price even further to the upper side towards 61.8% fib level.

Trade Recommendation:

Sell a retracement back towards 1.09475.

TRADE METALS WITHOUT SWAPS!
Imelda Maseno
Analyst of «FreshForex» company
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