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EURUSD. We're looking for long term sell orders towards 1.12079.

EURUSD. We're looking for long term sell orders towards 1.12079. | 19 July 2019

19 July 2019, EUR/USD

EURUSD. We're looking for long term sell orders towards 1.12079.

Wave Analysis:

Instead of rallying to the lowerside, euro spiked to the upperside and even attempted a break above the uppertrendline. Now that the price is below this trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave to the lowerside and should break below 1.12195. As it is on the 4 hour attached, Sell positions looks more ideal and can be recommended especially while the price is below the upper trendline.

Trade Recommendations:

We're looking for long term sell orders towards 1.12079.

Bob Stan
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