Sell EURUSD with your take profit at 50.0% fib level. | 19 December 2019
19 December 2019, EUR/USD
Technical Observation
Few days ago, EURUSD established a swing high around 1.1180 and could not breakout even higher. We expect the current move to the lower side to be a retracment wave count and could see the price continue even lower towards the 50.0% fib level, Following the previous day's close below 23.6% fib level, EURUSD has now pulled back to the same Fib, I'm looking for a possible sell towards 50.0% fib an on its way to the lower side, the key levels to look for include 38.2 and 50.00. a break any lower will push price towards 61.8.
Trade Recommendations:
Sell EURUSD with your take profit at 50.0% fib level.
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.
