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Waiting for a sell signal from 1.11067.

Waiting for a sell signal from 1.11067. | 22 Agosto 2019

22 Agosto 2019, EUR/USD

Waiting for a sell signal from 1.11067.

Wave analysis

Few minutes ago, Euro rose tremendously and is currently rallying around a key hourly resistance level 1.11067, this is a key level and as long as the price remains below it, we're waiting for a clear bounce from it to pick a long term, sell order towards the next support level marked at 1.10731. This view can only be invalidated in case the price breaks above the upper trendline, if this is the case, then we'll wait for a retracement back to the same level to pick a long term buy order towards 1.11445.

Trade Recommendations:

Waiting for a sell signal from 1.11067.

Bob Stan
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