Sell EURUSD with your take profit at 1.09630. | 08 November 2019
08 November 2019, EUR/USD
Technical Observation
EURUSD is currently in an active active downtrend. Following the break below the level 1.1075, I expect further momentum to the lower side and should head straight towards the level 1.09630 or the swing low. A bounce from the swing low will give us the best opportunity to pick a low risk buy. But in case the price breaks and closes below the swing low, then I expect further momentum to the lowerside towards 1.06025. On its way downwards, the key lines to look for include 1.0845, and 1.07215.
Trade Recommendations:
Sell EURUSD with your take profit at 1.09630.
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.
