Buy a bounce from 1.11743. | 13 أغسطس 2019
13 أغسطس 2019, EUR/USD
Wave Analysis
Euro is still consolidating within the contracting wedge formation. As long as the price remains within the shape formation, we're only trading reversals, basically, we're waiting for a bounce from the upper trendline to pick a sell while a bounce from 1.11743 will attract a buy. A break below 1.11743 will mean we're continuing to the lowerside with an ultimate target at 1.10875 and a break above the upper trendline will push the price further to the upperside towards 1.12470 or even higher.
Trade Recommendations:
Buy a bounce from 1.11743.
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.
