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We're looking for long term sell orders.

We're looking for long term sell orders. | 03 June 2019

03 June 2019, EUR/USD

We're looking for long term sell orders.

Wave Analysis

Earlier today, the US Dollar continued with the Friday's bearish move and is still pretty much bearish both on the daily and the 4 hour's chart. As long as the price remains below the 14 simple moving average, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should breakout 108.00 towards 105.00 or even lower. As it is, only sell positions looks ideal and can be recommended.

Trade Recommendations:

We're looking for long term sell orders.

Bob Stan
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