Sell Euro now with your stop loss above the previous day's highest high. | 05 December 2019

05 December 2019, EUR/USD

Wave Analysis

The previous day;s candle closed as a bearish pin bar. The fact that the daily candle could not close above 1.1090 is a clear sign that sellers are found around this zone, which means, as long as the price does not violate this level to the upperside, we recommend looking for low risk sell order with an ideal take profit at 1.10990. If the price successfully closes above 1.10990, then this could be a sign that we are possibly heading to the upperside, in this case however,we need a confirmation that we are continuing to the upperside

Trade Recommendations:

Sell Euro now with your stop loss above the previous day's highest high.

Bob Stan
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