We’re short with our take profit at 1.0985 | 23 December 2019
23 December 2019, EUR/USD
Technical Observation
EURUSD is currently in a active up trend. Few days ago, EURUSD bounced off from the Untested resistance zone 1.1145-1.1185. Following this bounce EURUSD has been in an active downtrend and is still showing signs of continuing even lower, we took a sell following this bounce and is still holding onto a sellers perspective, we expect the current sell position to continue and should break below the verified resistance support 1.0985. If you’re not short already, you could wait for a break below 1.0985 to pick a sell towards 1.0905.
Trade Recommendations:
We’re short with our take profit at 1.0985
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.
