We're sellers. | 22 مايو 2019
22 مايو 2019, EUR/USD
Wave Analysis
Euro is currently trading with an increasing bearish bias momentum. Currently, the price is below the two simple moving averages and also below the upper trendline. As long as the price remains below these two, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below 1.11455 towards 1.10 or even lower. As it is, on the 30 minutes chart, we recommend looking for sell orders.
Trade Recommendations:
We're sellers.
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.
