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EURUSD. Look for sell orders from 1.13010 with your take profit at 1.11990.

EURUSD. Look for sell orders from 1.13010 with your take profit at 1.11990. | 05 July 2019

05 July 2019, EUR/USD

EURUSD. We're sellers

Wave Analysis:

EURUSD is currently trading with an increasing bearish bias momentum. As we mentioned in our previous forecast, as long as the price remains below 1.13478, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the unfolding of an impulsive wave count and should breakout below 1.11990 or even lower. On the daily chart, there are signs we're still sellers, but not clear momentum that the price could be heading upwards. Therefore, we recommend looking for sell orders only.

Trade Recommendations:

Look for sell orders from 1.13010 with your take profit at 1.11990.

Bob Stan
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