Buy EURUSD from within 1.0994-1.0997.

10 October 2019, EUR/USD

Buy EURUSD from  within 1.0994-1.0997.

Technical Observation

EURUSD is in an active up trend. Earlier today, EURUSD traded to the upper side and even went above the resistance zone 1.0994-1.0997. While the price is contained above this zone,. I expect a steep rise towards 1.1212 and could continue even higher towards 1.152 or even higher. According to the 30 minutes chart attached, while the price is contained above the Alligator trend indicator attached, we're only interested in buy orders, but on the other side, should price break below 1.0994 and most importantly below the trend indicator, then this will be a good sell place.

Trade Recommendations:

Buy EURUSD from within 1.0994-1.0997.


Imelda Maseno
Analyst of «FreshForex» company
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