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As long as the price remains below the immediate trendline look for long term sell orders.

As long as the price remains below the immediate trendline look for long term sell orders. | 04 September 2019

04 September 2019, EUR/USD

As long as the price remains below the immediate trendline look for long term sell orders.

Wave Analysis

Earlier this week,Euro rallied massively to the lowerside and even went below the supportive trendline. As long as the price remains below the lower trendline, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (v) and should continue massively towards 1.09160 or even lower. This view can only be invalidated in case the price breaks above the immediate trendline, if this true, then further move towards the upper trendline is expected.

Trade Recommendations:

As long as the price remains below the immediate trendline look for long term sell orders.

Bob Stan
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