Sell EURUSD from 1.11298 with your take profit at 1.10975. | 09 January 2020
09 January 2020, EUR/USD
Technical Observation
Yesterday, EURUSD declined below the zone 1.11296-1.11247. While the price is held below the set of Moving averages forming parts of the Alligator trend indicator, I expect a possible momentum to the lower side and should break below 1.11050. While this is true, that the price is below 1.11296-1.11247, and also below the Alligator trend indicator attached, we are heading to the lower side,we are basically, waiting for a pullback to the upper side to pick a low risk sell order towards 1.0975.
Trade Recommendations:
Sell EURUSD from 1.11298 with your take profit at 1.10975.
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.
