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EURUSD. As long as the price remains below 1.11539, we're looking for a sell.

EURUSD. As long as the price remains below 1.11539, we're looking for a sell. | 26 July 2019

26 July 2019, EUR/USD

EURUSD. As long as the price remains below 1.11539, we're looking for a sell.

Wave Analysis

Euro attempted a break above the level 1.11539 but ended up closing below it. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside. As it is on the hourly chart, if you're looking for a long term buy, the best place is to look for a breakout above 1.11519 to pick a long term buy with an ultimate target at 1.12105. In case the price breaks above this level, we expect nothing but a possible momentum even higher towards 1.12465.

Trade Recommendations:

As long as the price remains below 1.11539, we're looking for a sell.

Bob Stan
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