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We're looking for long term sell orders towards 1.1100.

We're looking for long term sell orders towards 1.1100. | 30 May 2019

30 May 2019, EUR/USD

We're looking for sell orders towards 1.10920.

Wave Analysis

Yesterday, euro spiked perfectly to the lopwerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price is contained below the upper supportive 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 1.11290. If this is the case, then we'll expect nothing but a possible momentum to the lowerside, a break below 1.10920 will confirm that we're downwards towards 1.1100.

Trade Recommendations:

We're looking for long term sell orders towards 1.1100.

Bob Stan
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