Buy EURUSD now with your take profit at 1.1185. | 18 December 2019
18 December 2019, EUR/USD
Technical Observation
According to the KDJ indicator attached, Euro is currently approaching its oversold level of 20.We're waiting for a bounce from this level or 0.00 to pick a short term buy position towards the upper trendline. If you are looking for a trade now, you could wait for this bounce to pick a buy. This position is supported by the fact that the price is currently bouncing off from the supportive trendline, and while the price is held above this trend line, I recommend looking for a long term buy position towards 1.1185.
Trade Recommendations:
Buy EURUSD now with your take profit at 1.1185.
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.
