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We’re short from the upper trendline towards 1.04826.

We’re short from the upper trendline towards 1.04826. | 03 December 2018

03 December 2018, EUR/USD

We’re short from the upper trendline towards 1.04826.
Wave Analysis
Few weeks ago, the impulsive wave (v) went below both the horizontal level 1.15262, and also below the supportive trend line indicated above. As long as the price remains below these lines, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should break below 1.109580 towards 1.04826. Conservative traders should look for a sell from the upper trend line towards 1.04826…
Trade Recommendations:
We’re short from the upper trendline towards 1.04826.

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Bob Stan
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