Sell EURUSD with your take profit at 1.09170. | 13 November 2019
13 November 2019, EUR/USD
Technical Observation
Nothing much has happened on this pair since the beginning of this week, we saw a slight decline but we still above the swing low. While the price is contained below the 23.6% fib level, I expect further momentum to the lower side and could breakout below the swing low 1.09170. A break below the swing low will give us the best place to pick a long term sell order towards 1.02020. On its way to the lower side, the key levels to look for include 1.06310, 1.04880 and 1.03450. As it is, only sell positions looks ideal.
Trade Recommendations:
Sell EURUSD with your take profit at 1.09170.
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.
