On the sidelines

09 August 2018, EUR/USD

On the sidelines

Wave Analysis

During the previous trading day, euro continued to loose value against the US Dollar but is still several pips above the weekly support level 1.14595-1.14067. As long as the price remains above this zone, it remains a good buy place for long term buyers. The idea is not to buy this pair now, but to wait for a decline towards it, then pick a low risk long position with an ideal target at 1.24450. If you're not in any position right now, you can stay on the sidelines and wait for a rebound from 1.14595 to pick a long position.

Trade Recommendations:

On the sidelines

101% Double the volume

All bonus participates in drawdown!
More detailed

FreshForex cancels commissions!

Graham Osano
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