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We're short from 1.13890 towards 1.12890.

We're short from 1.13890 towards 1.12890. | 13 Diciembre 2018

13 Diciembre 2018, EUR/USD

We're short from 1.13890 towards 1.12890.

Wave Analysis

Yesterday, euro pulled back upwards but is still pretty much below the upper trendline. As long as the price is contained below the upper trendline and also below 1.13920, we expect nothing but a possible steep decline towards 1.4040. If you're not in any position right now, you could wait for a clear bounce from 1.13920 or a break below 1.12890 towards 1.11780. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below 1.06450 towards 1.04040.

Trade Recommendation:

We're short from 1.13890 towards 1.12890.

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Bob Stan
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