On the sidelines but waiting for a low risk sell | 12 Junio 2019
12 Junio 2019, EUR/USD
Wave Analysis
Euro is currently bouncing off of a significant 30 minutes resistance zone 1.13432-1.13394. As long as the price remains below this zone, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price price rally should be impulsive in nature and should breakout below the supportive trendline towards 1.12855. This view can only be invalidated in case the price breaks above 1.13432, if this is the case, then a move to the upperside towards 1.14 or even higher is expected.
Trade Recommendations:
Wait for a low risk sell below the supportive trendine
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.
