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We're expecting a possible move towards 1.1070.

We're expecting a possible move towards 1.1070. | 15 November 2019

15 November 2019, EUR/USD

We're expecting a possible move towards 1.1070.

Technical Observation

Yesterday, EURUSD bounced off perfectly from the swing low 1.0995 and is currently heading to the upperside, we expect the current move to the upperside to be a retracement to the upperside but should not go beyond the level 23.6, if this fib level is broken to the upperside then we expect further momentum towards the 50.0% fib level. On this chart, buy positions looks good temporarily, but should price move and break below the swing low 1.0995, then this will be a good sign that we are continuing to the lowerside towards 1.0174.

Trade Recommendation:

We're expecting a possible move towards 1.1070.

TRADE FUEL WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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