15 November 2019, EUR/USD
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.