Wait | 07 November 2019
07 November 2019, EUR/USD
Technical Observation
EURUSD continues to rally to the lowerside but is still bullish according to the trend indicator attached. While the price is contained above the Green moving average attached, I expect a momentum to the upperside, this bullish move is supported by the fact that we have not seen any clear retracements back to any of my fib levels, Ideally, I expect a momentum towards 23.6% fib level, and should price break above this fib level, the maximum the price should retrace back up to is 50.0% fib level.
Trade Recommendations:
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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.
