EURUSD. Buy a bounce from the supportive trend line towards 1.11435. | 05 أغسطس 2019
05 أغسطس 2019, EUR/USD
Wave Analysis
Euro is currently rallying within a converging wedge formation. While the price remains within this wedge formation, we expect nothing but a possible momentum to the lowerside. As it is on the 30 minutes chart attached, we're waiting for a bounce from the supportive trendline to look pick a low risk buy orders with an ultimate target at 1.11435. And on the flipside, should the price break below 1.11075, then this will be an ideal place to look for long term sell orders with an ideal target at 1.10298.
Trade Recommendations:
Buy a bounce from the supportive trend line towards 1.11435.
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.
