Sell EURUSD with your take profit at 1.0860. | 02 December 2019
02 December 2019, EUR/USD
Technical Observation
EURUSD is currently in an active downtrend. While the price is below the moving average attached, I expect a possible momentum to the lowerside, Basically, I'm waiting for a clear breakout below 1.1000 to pick a long term sell order with an ideal take profit at 1.0860. A break below this level will push the price even lower. This bearish rally is supported by the fact that the Columns of MACD are below 0.00 and while this is true, that the price is below the moving average and columns we are sellers with an ideal take profit at 1.08960.
Trade Recommendations:
Sell EURUSD with your take profit at 1.0860.
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.
