08 Oktober 2019, EUR/USD
Technical Observation
EURUSD is currently in an active up trend. While the price is contained above the green Moving average marked above, I expect a possible momentum to the upperside towards the daily high of 1.1025. If this target is broken, then further momentum to the upper side is expected to the upper side with our last take profit at 1.1065. And on the other side, should the price break below 50.0% fib level, then this could be a good sign that we should expect a sell towards 1.0878.
Trade Recommendations:
Rebuy EURUSD from 1.0952.