09 Januari 2020, EUR/USD
Technical Observation
Yesterday, EURUSD declined below the zone 1.11296-1.11247. While the price is held below the set of Moving averages forming parts of the Alligator trend indicator, I expect a possible momentum to the lower side and should break below 1.11050. While this is true, that the price is below 1.11296-1.11247, and also below the Alligator trend indicator attached, we are heading to the lower side,we are basically, waiting for a pullback to the upper side to pick a low risk sell order towards 1.0975.
Trade Recommendations:
Sell EURUSD from 1.11298 with your take profit at 1.10975.