09 Oktober 2019, EUR/USD
Technical Observation
Today, EURUSD spiked massively to the upper side and is still showing signs of continuing to the upperside. According to the monthly chart, this pair should continue to the lowerside, which means, the current bullish price rally is the continuation of a correction to the upperside but should not go above 1.10990. If this level is broken, then further momentum towards the daily high 1.120 is expected. A good sell can be seen around 1.0990 and also, if the price breaks below 1.0969, then these are the best place to look for sell from.
Trade Recommendations:
Sell a bounce from 1.0990