Wait | 07 October 2019
07 October 2019, EUR/USD
Technical Observation
Last week, EURUSD rose significantly but could not break above the 23.6% fib level, 1.09907, this week, we expect either a retracement back towards the 50.0% fib level or a rise towards the daily high 1.10252. A break above this level could mean we're continuing to the upper side with the next ideal take profit being 1.210 or even higher. And on the other side, should the price break below 1.09520, then this will mean we're continuing to the lowerside with an ultimate target at 1.108789.
Trade Recommendations:
Wait.
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.
