Remain long towards 23.6% fib level. | 04 November 2019
04 November 2019, EUR/USD
Technical Observation
Few weeks ago, Eurusd established a swing low around 1.09, following the bounce from this swing low, eurusd has been in an active retracement to the upperside but we're are yet to reach any of the fib levels above, According to the the daily chart attached, we still expect further momentum, to the upperside and should go straight towards the 23.6% fib level, if this level, is broken, the maximum retracement level eurusd should go up to is 50.0% fib level. A break above this fib should mean we are continuing to the upperside.
Trade Recommendations:
Remain long towards 23.6% fib level.
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.
