Still short with our take profit at 1.1218. | 28 نوفمبر 2018

28 نوفمبر 2018, EUR/USD

Still short with our take profit at 1.1218.

Wave Analysis

Perfectly as we forecasted during the previous trading day, euro continued to the lower side following the bearish pin bar seen on Monday. As we mentioned during the previous trading day, as long as the price remains below 1.1368, we expect nothing but a possible momentum to the lower side. According to the daily chart above, expect a decline towards 1.1218. If this level is broken, then we expect the impulsive wave v to continue to the lower side with the next ideal target being 1.01 or even lower.

Trade Recommendations:

Still short with our take profit at 1.1218.

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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