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Buy a break above 1.10535. with your take profit at 1.12.

Buy a break above 1.10535. with your take profit at 1.12. | 15 October 2019

15 October 2019, EUR/USD

Buy a break above 1.10535. with your take profit at 1.12.

Technical Observation

EURUSD is in an active up trend. While the price is contained above the two simple moving averages, I expect a possible momentum even further to the upperside with the next ideal take profit around 1.1210. On its way to the upperside, we expect to find hurdles around 1.10535, 1.10642 and 1.1121. If these levels are broken, then further momentum towards our set target is expected. On this chart, I will only consider or recommend a sell in case the price breaks below 1.09905, if this is the case, then a momentum to the lowerside is expected.

Trade Recommendations:

Buy a break above 1.10535. with your take profit at 1.12.

Imelda Maseno
Analyst of «FreshForex» company
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