Buy a bounce from the supportive trendline. | 14 أغسطس 2019
14 أغسطس 2019, EUR/USD
Wave Analysis
During the previous trading day, Euro declined steeply but failed to breakout below the supportive trendline. As long as the price remains above the upper trendline, we expect nothing but a possible bounce towards the upper trendline. the anticipated bearish price rally is the continuation of the impulsive wave (E) to the upperside and should not go beyond 1.12235. And in case the price breaks below the supportive trendline, then this will be an ideal place to look for long term sell orders.
Trade Recommendations:
Buy a bounce from the supportive 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.
