EURUSD. Wait for a break below the supportive trendline to pick a sell towards 1.110640. | 07 أغسطس 2019
07 أغسطس 2019, EUR/USD
Wave Analysis
Yesterday, Euro tried rallying to the lowerside but failed to break below the supportive trendline shown above. As long as the price remains below 1.12199-1.12144, we expect nothing but a possible momentum to the lowerside. Basically, we're waiting for a breakout below the supportive trendline to confirm that we're bearish with an ultimate target at 1.11060. This view can only be invalidated in case the price breaks above the upper trendline, if this is the case, then a move to the upperside is expected.
Trade Recommendations:
Wait for a break below the supportive trendline to pick a sell towards 1.110640.
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.
