Trade Wait for a possible resell from 1.08199. | 24 February 2020
24 February 2020, EUR/USD
Technical Observation
EURUSD established a swing low around 1.07775 and could not go any lower. After that, the pair retraced back to the upper side almost hitting the 50.0% fib level but could not break to the upperside. We were waiting for a possible rebound from the 50.0% fib level to pick a long term sell order towards 1.07775. Unfortunately, the price moved to the lowerside and is still very much bearish both on the daily charts. As it is now, I recommend looking for long term sell orders towards 1.07775.
Trade Recommendations:
Trade Wait for a possible resell from 1.08199.
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.
