Still short towards 1.0621. | 18 Januari 2019
18 Januari 2019, EUR/USD
Wave Analysis
For the better parts of this week, euro has been on the loosing end against the US Dollar, as long as the price remains below 1.1450, we're still within our sellers territory. Therefore, we'll expect a possible steep decline towards 1.0621. The anticipated bearish price rally is the continuation of the impulsive wave v to the lower side and should break below 1.1200 towards 1.0705. And on the flip-side, should the price break above and close above 1.1453, then this will be an ideal place to look for a long term long position towards the upper trendline.
Trade Recommendations:
Still short towards 1.0621.
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.
