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EURUSD. Wait

EURUSD. Wait | 17 July 2019

17 July 2019, EUR/USD

Wave Analysis

Yesterday, euro declined steeply and even went blow the supportive trendline shown above. As it is on the 4 hour chart, we expect a possible rally to the upperside towards the upper trendline to pick a long term sell order towards 1.11995. The idea is to wait for a rally towards this trendline or 1.12485 to pick a long term sell order with an ultimate target at 1.11995. Sell this pair at the moment looks a bit risky, but a retracement back towards this trendline will mean we're looking for a low risk order.

Trade Recommendations:

Expect a possible pullback towards to pick a low risk sell order.

Bob Stan
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