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We're short.

We're short. | 13 November 2018

13 November 2018, EUR/USD

We're short.

Wave Analysis

Euro is currently trading below the 52 Simple Moving Average. As we mentioned in our previous forecasts, as long as the price is below this MA, we expect a possible momentum to the lower side, then anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and should break below 1.12095. If this is the case, then we'll expect a steep decline further to the lower side with an ultimate target at 1.100. According to the chart attached, only sell positions looks more ideal and can be recommended.

Trade Recommendations:

We're short.

101% Double the volume

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Bob Stan
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