Sell a break below 1.1000 or a bounce from 1.1040. | 14 November 2019
14 November 2019, EUR/USD
Technical Observation
EURUSD is currently in an active downtrend just as previously forecasted. Following the break below the 23.6% fib level, EURUSD established a swing low low around 1.1000. This is not a very key level and if the price can successfully break and close below it, then this will be a confirmation that we are continuing to the lower side with the next ideal take profit being 1.0231 and could breakout even lower. As it is on the 4 hours attached, I expect a momentum towards 1.1040 to give us a low risk sell opportunity.
Trade Recommendations:
Sell a break below 1.1000 or a bounce from 1.1040.
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.
