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Sell Euro with your take profit at 1.0900.

Sell Euro with your take profit at 1.0900. | 22 November 2019

22 November 2019, EUR/USD

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Wave Analysis

During the previous trading day, euro bounced off from the zone 1.1074 and is currently heading to the lowersde. As long as the price remains below the level 1.1074, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and should see the price rally steeply towards 1.0990. The idea is not to pick a sell now expecting the price to continue to the lowerside with an ultimate target at 1.0900. A break and a close above 1.1074 may push the price to the upperside.

Trade Recommendations:

Sell Euro with your take profit at 1.0900.

Bob Stan
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