Wait for a rebuy 61.8% towards 1.1170. | 27 November 2019
27 November 2019, EUR/USD
Technical Observation
A fortnight ago, Euro pulled back towards the 61.8% fib level but could not clearly break below it. We took a buy following the buy from the 61.8% fib level and is still above this level, I expect further momentum to the upper side and should breakout above 50.0% fib level and could breakout even higher. The next best place to buy from is if the price breaks and closes above 38.2% fib level, if this is true, then a momentum towards 1.1170 is expected, a break above will push the price even higher.
Trade Recommendations:
Wait for a rebuy 61.8% towards 1.1170.
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.
