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Sell EURUSD with your take profit at 50.0% fib level.

Sell EURUSD with your take profit at 50.0% fib level. | 19 Desember 2019

19 Desember 2019, EUR/USD

Technical Observation

Few days ago, EURUSD established a swing high around 1.1180 and could not breakout even higher. We expect the current move to the lower side to be a retracment wave count and could see the price continue even lower towards the 50.0% fib level, Following the previous day's close below 23.6% fib level, EURUSD has now pulled back to the same Fib, I'm looking for a possible sell towards 50.0% fib an on its way to the lower side, the key levels to look for include 38.2 and 50.00. a break any lower will push price towards 61.8.

Trade Recommendations:

Sell EURUSD with your take profit at 50.0% fib level.

Imelda Maseno
Analyst of «FreshForex» company
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