Sell a break below the supportive trendline towards 1.10555. | 28 أغسطس 2019
28 أغسطس 2019, EUR/USD
Wave Analysis
After an unprecedented rise during the previous week on Friday, Euro is currently pulling back to the lowerside. We expect the current rally to the lowerside to be the unfolding of a correction to the lowerside but should not go beyond the level 1.10555. As it is on the hourly chart, a bounce from the immediate supportive trendline will push the price to the upperside towards the upper trendline. A break below the supportive trendline will mean we're continuing short with the impulsive wave (c) towards 1.10555.
Trade Recommendations:
Sell a break below the supportive trendline towards 1.10555.
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.
