We're short | 09 نوفمبر 2018

09 نوفمبر 2018, EUR/USD

We're short

Wave Analysis

During the previous trading day, euro traded intensely to the lowerside and even went below the hour support level 1.1416. As long as the price remains below this level, we expect further momentum to the lowerside with an ideal target at 1.1306 towards 1.10. And on the bullish side, only a clear break above this week's highest high will push the price upwards towards 1.1530. As it is on the hourly chart, we're looking for a long term short position below 1.1305 towards 1.10 and should break below 1.01.

Trade Recommendations:

We're short

101% Double the volume

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Bob Stan
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