Sell a bounce from 1.1062. | 14 October 2019
14 October 2019, EUR/USD
Technical Obsrevation
EURUSD is in a temporary up trend. As we said at the beginning of this month, according to the monthly chart, we're in an active downtrend, therefore, the current move we are seeing to the upper side is a mere correction and should not go above the previous months highest high. On this chart, the best place to look for a sell is if the price bounces off from 1.1062, but should the price breakout higher, then I'll expect further momentum to the upper side towards the next level marked 1.1210.
Trade Recommendations:
Sell a bounce from 1.1062.
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.
