Sell EURUSD towards the supportive trendline. | 02 January 2020
02 January 2020, EUR/USD
Technical Observation
Euro continued to rally to the upper-side but is currently around a resistance trend line and is not showing any signs of breaking even higher. While the price is not breaking above the upper trend line, we are looking for sell order. Overall, according to the trend indicator attached, I expect further momentum to the upper side, this view is supported by the fact that the MACD indicator columns are above 0.0 and could mean we are continuing to the upper side towards 1.3870 or even higher.
Trade Recommendations:
Sell EURUSD towards the supportive trendline.
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.
