Waiting for a low risk sell.

09 October 2019, EUR/USD

Waiting for a low risk sell.

Wave Analysis

During the previous trading day, our stops were taken out when the price went below the lower supportive trendline. As long as the price continues to sustain the break below this trendline, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of an impulsive wave count and should break below 1.0940 towards 1.0915. And on the flip side, should the price break above the same trendline, then we'll expect a possible momentum towards the upper trendline or 1.1005.

Trade Recommendations:

Waiting for a low risk sell.


Graham Osano
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