18 September 2019, EUR/USD
Technical Observation
EURUSD is below a significant resistance trendline. While the price is contained below this trendline, I'm expecting a possible plunge towards 1.09963. On its way to the lowerside, the key lines to look for include 1.10475, 1.10220 and 1.10050. If the price breaks below these levels, then a momentum towards 1.0821 or even lower. On this chart, a break above the same trendline will mean waiting for a retracement back to the same trendline to pick a low risk buy order towards 1.11155.
Trade Recommendations:
Sell EURUSD with your take profit at 1.09965