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Place a pending sell limit order around 1.14656.

Place a pending sell limit order around 1.14656. | 05 February 2019

05 February 2019, EUR/USD

Wave Analysis

Euro has picked a momentum to the lowerside. As we mentioned during the previous trading day, while the price is below the zone 1.1506-1.14656, we expect a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below 1.12780 towards 1.05616. On this chart, should price rise above 1.15069, then we'll wait for a confirmation that we're upwards towards 1.17715. Conservative traders can still; place pending sell limit orders around 1.14656.

Trade Recommendations:

Place a pending sell limit order around 1.14656.

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Bob Stan
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