Look for sell orders towards the supportive trendline. | 21 أغسطس 2019
21 أغسطس 2019, EUR/USD
Wave Analysis:
Euro is currently trading with an increasing bearish bias momentum. As we mentioned yesterday, this is still a very good sell and while the price is contained between the two trendlines acting as a contracting shape 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 breakout below 1.10290 towards 1.09830 ore even lower. As it is on the weekly charts, buying this pair looks a bit risky and may not be recommended.
Trade Recommendations:
Look for sell orders towards 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.
