We're still short | 12 February 2019

12 February 2019, EUR/USD

Wave Analysis

Euro is currently trading below a key weekly support level 1.12818. This is a weekly support and as long as the price remains below it, we expect a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (5) and should break below 1.11555 towards 1.05616. On the weekly chart attached, if the current week's candle can close below 1.12816, then this will be a confirmation that we're heading to the lower side with an ultimate target at 1.05616. Only a break above 1.15060 will attract a buy order.

Trade Recommendations:

We're still short

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