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EURUSD. Look for sell orders

EURUSD. Look for sell orders | 01 Agosto 2019

01 Agosto 2019, EUR/USD

EURUSD. Look for sell orders

Wave Analysis

During the previous trading day, euro spiked massively to the lowerside and is still pretty much bearish both on the daily and the weekly charts. Following the spike to the lowerside, we expect further momentum to the lowerside but only after a retracemnet back to the upperside. The idea is to wait for retracements back to the upperside to pick low risk sell orders. The anticipated bearish price rally is the continuation of the impulsive wave (v) and may breakout below 1.10220 towards 1.100 or even lower.

Trade Recommendations:

Look for sell orders

Bob Stan
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