We're still short towards 1.05616. | 08 فبراير 2019
08 فبراير 2019, EUR/USD
Euro is currently trading below a key level 1.13531. This is a key weekly level and as long as the price remains below it, we expect nothing but a possible steep decline towards 1.05616. The anticipated bearish price rally is the continuation of the anticipated bearish price rally is the continuation of the impulsive wave (5) and should first break below 1.12780 before a move even further lower is seen. Generally, as long as the price remains below 1.15069-1.14656, we're still within our sellers territory.
Trade Recommendations:We're still short towards 1.05616.
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.
