Sell EURUSD towards 1.09903. | 29 October 2019
29 October 2019, EUR/USD
Technical Observation
Since the previous day, nothing much has happened on this pair. Eurusd attempted a rise above the 50.0% fib level, 1.10844 but ended up closing below it. While the price is contained below this line, I expect further momentum to the lower side and should break below 61.8% fib level, 1.10622 towards 1.09903. If the price breaks below this level, then a momentum towards 1.09391. On this chart, only sell positions looks ideal, but in case the price breaks above 38.2% fib level then this will mean we're heading to the upper side
Trade Recommendations:
Sell EURUSD towards 1.09903.
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.
