Wait and sell a break below 1.10048. | 26 November 2019
26 November 2019, EUR/USD
Technical Observation
EURUSD is currently approaching a key support level 1.10048. The overall trend is bearish therefore, we expect a possible break below 1.10048 to pick a long term sell order within an ultimate target around 1.09060. On its way to the lowerside, the key levels to look for include 1.09820, 1.09440 and 1.09060. If these levels are broken including the last line, then a momentum towards 1.08 or even lower is expected. As it is on this chart, only sell positions looks ideal and can safely be recommended.
Trade Recommendations:
Wait and sell a break below 1.10048.
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.
