30 августа 2019, EUR/USD
Technical Observation
Yesterday, EURUSD went striaght to the lowerside and is now below a significant level 1.10793. This is a key daily level and while the price is held below it, I expect nothing but a possible momentum further to the lowerside. If the current week's candle candle close below 1.0793, then this week, and possibly during the next week, we'll expect nothing but a possible momentum to the lowerside. The idea is to wait for retracements back towards 1.10793 to pick low risk sell orders towards 1.099.
Trade Recommendations:
Wait for retracements towards 1.10793 to pick a low risk sell order.
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