EURUSD. We're looking for long term sell orders towards 1.12079. | 19 يوليو 2019
19 يوليو 2019, EUR/USD
Wave Analysis:
Instead of rallying to the lowerside, euro spiked to the upperside and even attempted a break above the uppertrendline. Now that the price is below this trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave to the lowerside and should break below 1.12195. As it is on the 4 hour attached, Sell positions looks more ideal and can be recommended especially while the price is below the upper trendline.
Trade Recommendations:
We're looking for long term sell orders towards 1.12079.
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.
