10 September 2019, EUR/USD
Technical Observation
EURUSD is trading in an active downtrend. While the price is contained below the three Moving Averages and also below 1.10757, I expect a possible momentum to the lowerside and should breakout below 1.09530 towards 1.09160 or even lower. As it is on the daily chart, I'm waiting for a retracement towards 1.10757 to pick a sell. On this chart, only sell positions looks ideal and can be recommended, but in case price breaks above 1.10757, then this may be a good place to look for a buy.
Trade Recommendations:
Look for a sell from 1.10757 with your take profit at 1.09530.