We're looking for long term sell orders. | 03 Junio 2019
03 Junio 2019, EUR/USD
Wave Analysis
Earlier today, the US Dollar continued with the Friday's bearish move and is still pretty much bearish both on the daily and the 4 hour's chart. As long as the price remains below the 14 simple moving average, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should breakout 108.00 towards 105.00 or even lower. As it is, only sell positions looks ideal and can be recommended.
Trade Recommendations:
We're looking for long term sell orders.
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.
