Wait for a retracement to buy eurusd with your take profit at 1.13959. | 19 Maret 2019

19 Maret 2019, EUR/USD

Wait for a retracement to buy eurusd with your take profit at 1.13959.

Technical Observation

Eur rose above the immediate trendline and is still above this trendline. The breakout above this trendline is a major move, and while the price is contained above the two simple moving averages and also above the trendline shown above, I expect a possible bullish momentum towards 1.13959, and should price breakout above, then further momentum even further higher is expected but should not go beyond 1.15056. Selling, or holding onto a sell order on this pair is a bit risky and cannot be advised.

Trade Signal.

Wait for a retracement to buy eurusd with your take profit at 1.13959.

Imelda Maseno
Analyst of «FreshForex» company
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