We're looking for long term sell orders towards 1.1100. | 30 مايو 2019
30 مايو 2019, EUR/USD
Wave Analysis
Yesterday, euro spiked perfectly to the lopwerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price is contained below the upper supportive trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should breakout below 1.11290. If this is the case, then we'll expect nothing but a possible momentum to the lowerside, a break below 1.10920 will confirm that we're downwards towards 1.1100.
Trade Recommendations:
We're looking for long term sell orders towards 1.1100.
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.
