EURUSD / H1 / Daily Forex Technical Analysis / 10.9.2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 9th, 2019 and we will be taking a look at the Euro against the U.S Dollar. Looking at the 1 hour time frame, price action has broken a key level of support breaking down through it at the 1.09 region and now action as resistance. If price action continues with it's bearish sentiment and doesn't break up back above the 1.09 resistance area we will be looking for an optimal short entry. Entry for a Short position near the 1.09674 area, with a Stop Loss near the 1.09876 region, and target profit level area of 1.09402 to possibly ensure profitable trade conditions with a 1.35 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
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