We're still short towards 1.05616. | 08 February 2019

08 February 2019, EUR/USD

Remain short with your first target at 1.12780 and the next at 1.05616.

Wave Analysis

Euro is currently trading below a key level 1.13531. This is a key weekly level and as long as the price remains below it, we expect nothing but a possible steep decline towards 1.05616. The anticipated bearish price rally is the continuation of the anticipated bearish price rally is the continuation of the impulsive wave (5) and should first break below 1.12780 before a move even further lower is seen. Generally, as long as the price remains below 1.15069-1.14656, we're still within our sellers territory.

Trade Recommendations:

We're still short towards 1.05616.

BECOME FRESHFOREX ANALYST!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus