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We're looking for sell orders towards 1.10920.

We're looking for sell orders towards 1.10920. | 29 May 2019

29 May 2019, EUR/USD

We're looking for sell orders towards 1.10920.

Wave Analysis

During the previous trading day, Euro spiked steeply to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should breakout below the supportive trendline towards 1.10920. The idea is to wait for sell orders upon retracements back to the upperside.

Trade Recommendations:

We're looking for sell orders towards 1.10920.

Bob Stan
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