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Wait | 10 January 2019

10 January 2019, EUR/USD

Sell Euro now, and have your take profit at 1.0542.

Wave Analysis

Euro continues to correct itself to the upperside and is currently trading around 1.1554. This is a possible bullish sign and should the price close above 1.1450 by the end of this week, we expect nothing but a possible momentum to the upperside, we may look for a possible buy towards the upper trendline. And on the flip side, should the price close 1.1450 by the end of this week, then this will be an ideal place to look for a sell position. This sell position will be the continuation of the impulsive wave v to the lowerside and should head towards 1.0521.

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Bob Stan
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