EURUSD. Wait | 17 Julio 2019
17 Julio 2019, EUR/USD
Wave Analysis
Yesterday, euro declined steeply and even went blow the supportive trendline shown above. As it is on the 4 hour chart, we expect a possible rally to the upperside towards the upper trendline to pick a long term sell order towards 1.11995. The idea is to wait for a rally towards this trendline or 1.12485 to pick a long term sell order with an ultimate target at 1.11995. Sell this pair at the moment looks a bit risky, but a retracement back towards this trendline will mean we're looking for a low risk order.
Trade Recommendations:
Expect a possible pullback towards to pick a low risk sell order.
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.
