Look for buy orders towards 1.1077 | 05 September 2019

05 September 2019, EUR/USD

Technical Observation

Instead of bouncing off from the alligator indicator marked above, EURUSD continued massively to the upperside and even went above the trend indicator attached above, this is a sign that we're continuing to the upperside. Now that we're above a major trend indicator, we expect a possible momentum even further to the upperside, on this chart, I'm looking at the following levels 1.1077, 1.1153 and 1.0992. As it is, I'm expecting a rise towards 1.1077, therefore I recommend looking for low risk buy orders towards the target which I have mentioned above.

Trade Recommendations:

Look for buy orders towards 1.1077

Imelda Maseno
Analyst of «FreshForex» company
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