Look for long term sell positions towards 1.05900. | 29 أغسطس 2019
29 أغسطس 2019, EUR/USD
Wave Analysis
Since the beginning of this week, instead of Euro continuing to the upper side, we've seen a massive decline and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains within the declining shape formation, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of both the impulsive waves 5 and (c) and should break below the supportive trend line towards 1.05900 or even lower.
Trade Recommendations:
Look for long term sell positions towards 1.05900.
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.
