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We're waiting for a buy from 1.10618.

We're waiting for a buy from 1.10618. | 18 Oktober 2019

18 Oktober 2019, EUR/USD

We're waiting for a buy from 1.10618.

Technical Observation

EURUSD is in an active up trend. Following the break above the 127.2% fib level, 1.11118, I expect further momentum to the upperside and should break above 1.11420. On the hourly chart attached, I'm expect a retracement towards either the daily high 1.10618 or the 50.0% fib level, 1.09699. On its way to the lowerside, the key levels to look for include 1.10184, and 1.09916. If these levels are broken, including 1.09699, then this will mean we're going to the lowerside. But in case the price fails to break below 1.10618, this will give us the best place to buy this pair.

Trade Recommendations:

We're waiting for a buy from 1.10618.

Imelda Maseno
Analyst of «FreshForex» company
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