Buy a retracement towards 1.10902. | 17 October 2019
17 October 2019, EUR/USD
Technical Observation
EURUS0. bounced off from the two moving averages and is currently continuing to the upperside. We expect this pair to remain in an active up trend as long as the price does not break below the two moving averages. On its way to the upperside, the key lines to look at include 1.10710, 1.1121, and 1.1254. If these levels are broken, then we'll expect an acceleration towards the weekly resistance level 1.20. On this chart, only buy positions looks ideal and can be recommended.
Trade Recommendations:
Buy a retracement towards 1.10902.
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.
