28 Oktober 2019, EUR/USD
Technical Observation
On this chart, the main areas to focus on include, the daily low 1.09903, the daily high 1.11785 , 1.11341, 1.11066, 1.10844 and 1.10622. Following the break below the 50.0% fib level, we expect a possible momentum to the lowerside and should move towards 61.8% fib level, 1.10622. In case the price breaks below this level, then further momentum to the lower side is expected towards 76.4% fib level, 1.10347. But, should price again break above the 50.0% fib level, then this could mean we're continuing to the upperside.
Trade Recommendations:
Sell EURUSD towards 1.10622.