Expect further momentum to the lowerside | 20 أغسطس 2019
20 أغسطس 2019, EUR/USD
Wave Analysis:
During the previous trading day, Euro continued slightly to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As we said in our previous forecast, as long as the price remains within the declining but contracting wedge formation, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (E) and should not go beyond the 1.09830, if price breaks below this level, then further momentum to the lowerside is expected.
Trade Recommendations:
Expect further momentum to the lowerside.
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.
