Resell euro from 1.13575 towards 1.13030. | 25 يناير 2019
25 يناير 2019, EUR/USD
Wave Analysis
During the previous trading day, euro went below the 4 hour support zone 1.13455-1.13579, and is still below the zone. As long as the price remains below this zone, we expect a possible correction to the just broken zone so that we resell the last impulsive wave (5) with the first take profit at 1.13030. And should price break below this level , then this will be an ideal place to look for a long term sell position towards 1.11. And on the flip side, should the price break above 1.13575, then we'll wait for a confirmation that we're long towards 1.14.
Trade Recommendations:
Resell euro from 1.13575 towards 1.13030.
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.
