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Hold onto a sellers perspective

Hold onto a sellers perspective | 23 May 2019

23 May 2019, EUR/USD

We're sellers.

Technical Observation

Eurusd is still rallying to the lowerside. As I stated in my previous forecast, I expect further momentum to the lowerside. I took a sell position on this pair and is still holding, my expectations is that the price should continue on its way to the lowerside and should break below the supportive trendline. If you are not holding onto a sell position as we mentioned yesterday, you can still look for sell orders now, and have your take profit at 1.10130. on the daily chart attached, sell a break below 1.11040.

Trade Signal.

Hold onto a sellers perspective

Imelda Maseno
Analyst of «FreshForex» company
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