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We're sellers towards 1.18840.

We're sellers towards 1.18840. | 17 June 2021

17 June 2021, EUR/USD

Wave Analysis
Just as previously expected, euro spiked massively to the lowerside and is still pretty much bearish. As long as the price remains below the Alligator indicator, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave count and could see the price breakout below 1.18840 and may extend much lower with next ideal target set around 1.18. If the price is to pullback to the upperside then the best place to wait for a sell is round 1.19830.
Trade Recommendations:
We're sellers towards 1.18840.

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Bob Stan
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