Only sell a break below 1.09425. | 19 September 2019

19 September 2019, EUR/USD

Technical Observation

EURUSD is in an active downtrend on the monthly chart. However, on the 4 hour chart, EURUSD is rising within a wedge formation. While the price is contained within this shape formation, I'm looking for low risk buy position towards the upper trendline. On the attached chart above, I'm waiting for a bounce from the upper trendline to pick a long term sell order towards the lower trendline. And in case the price breaks below the lower trendline, then further momentum to the lowerside is expected.

Trade Recommendations:

Only sell a break below 1.09425.

Imelda Maseno
Analyst of «FreshForex» company
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