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Look for sell orders

Look for sell orders | 07 June 2019

07 June 2019, EUR/USD

Look for a short term buy towards the upper trendline.

Wave Analysis

The cable is currently trading with an increasing bearish bias momentum. As we said previously, as long as the price remains below the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bearish price rally is the continuation of an impulsive wave count and should breakout below 1.10810 towards 1.05 or even lower. The idea is to wait for retracements back to the upperside to pick low risk sell orders with an ultimate target at 1.05.

Trade Recommendations

Look for sell orders

Bob Stan
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