EURUSD. Waiting for low risk sell orders | 08 أغسطس 2019
08 أغسطس 2019, EUR/USD
Wave Analysis
Despite the previous momentum to the upperside, the impulsive wave (v) failed to break above the end of the second impulsive (iii), this is a good sign that the buyers are exhausted and as long as the price remains below the end of the third impulsive wave, we expect nothing but a possible momentum to the lowerside. As it is on the chart above, we;re basically waiting for a bounce from the upper trendline to pick a sell or a break below the supportive trendline to pick a sell towards 1.11335.
Trade Recommendations:
Sell a bounce from the upper trendline.
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.
