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Remain long with your take profit at 1.1195.

Remain long with your take profit at 1.1195. | 16 December 2019

16 December 2019, EUR/USD

Remain long with your take profit at 1.1195.

Technical Observation

Last week on Thursday, Euro established a swing high around 1.1195 and could not breakout higher. Instead the pair bounced off from this level, headed straight to the lowerside but could not reach the 50.0% fib level, just as in GBPUSD, EURUSD bounced off from the 38.2% fib level and is currently on its way to the upper side. The current bullish price rally is the continuation of the previous up trend and should break above 23.6% fib level towards 1.1195 or even higher towards 1.2154.

Trade Recommendations:

Remain long with your take profit at 1.1195.

Imelda Maseno
Analyst of «FreshForex» company
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