Buy EURUSD now with your take profit at 1.1185. | 18 December 2019

18 December 2019, EUR/USD

Buy  EURUSD now with your take profit at 1.1185.

Technical Observation

According to the KDJ indicator attached, Euro is currently approaching its oversold level of 20.We're waiting for a bounce from this level or 0.00 to pick a short term buy position towards the upper trendline. If you are looking for a trade now, you could wait for this bounce to pick a buy. This position is supported by the fact that the price is currently bouncing off from the supportive trendline, and while the price is held above this trend line, I recommend looking for a long term buy position towards 1.1185.

Trade Recommendations:

Buy EURUSD now with your take profit at 1.1185.

Imelda Maseno
Analyst of «FreshForex» company
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