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Remain short with an ultimate target at 1.900.

Remain short with an ultimate target at 1.900. | 14 November 2019

14 November 2019, EUR/USD

Remain short with an ultimate target at 1.900.

Wave Analysis

Perfectly inline with the previous day's forecast, Euro continued to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 1.1020, we choose to hold onto the previous sell. The anticipated bearish price rally is the continuation of both the impulsive waves (5) and (c) and should break below 1.0990 towards 1.900. This view can only be invalidated in case the price breaks and closes above 1.1020, if this is the case, then a momentum to the upperside is expected.

Trade Recommendations:

Remain short with an ultimate target at 1.900.

TRADE FUEL WITHOUT SWAPS!

Bob Stan
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