EURUSD. Look for a resell from 1.11554 towards 1.10231. | 24 Julio 2019
24 Julio 2019, EUR/USD
Wave Analysis
Euro is currently trading within a converging wedge formation. Overall, this pair is in a downtrend. We expect further lower lows formation and may breakout below 1.11395 towards 1.10231 or even lower buy should not go below 1.10. On the hourly chart attached, we recommend looking for long term sell orders from 1.11554, and in case price breaks above this level, we expect further momentum even further to the upperside, towards 1.12105, ideally the best place to look for a sell from is 1.12079.
Trade Recommendations:
Look for a resell from 1.11554 towards 1.10231.
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.
