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Sell Euro with your take profit fixed around 1.0880.

Sell Euro with your take profit fixed around 1.0880. | 19 December 2019

19 December 2019, EUR/USD

Sell Euro with your take profit fixed around 1.0880.

Wave Analysis

The Impulsive wave (c) bounced off from the upper trend line and is currently heading to the lower side. As long as the price remains below this trend line, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave count to the lower side and should break below 1.0880 towards 1.0805. This view can only be invalidated in case the price breaks above the upper trend line, then we expect further momentum to the upper side.

Trade Recommendations:

Sell Euro with your take profit fixed around 1.0880.

Bob Stan
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