We're sellers towards 1.18840. | 17 Junio 2021
17 Junio 2021, EUR/USD
Wave Analysis
Just as previously expected, euro spiked massively to the lowerside and is still pretty much bearish. As long as the price remains below the Alligator indicator, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave count and could see the price breakout below 1.18840 and may extend much lower with next ideal target set around 1.18. If the price is to pullback to the upperside then the best place to wait for a sell is round 1.19830.
Trade Recommendations:
We're sellers towards 1.18840.
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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.
