We're short below 1.13200 towards 1.05250. | 01 Februari 2019
01 Februari 2019, EUR/USD
Wave Analysis
Euro is currently trading in an increasing bearish bias momentum. We expected a possible rally towards the upper trendline but as its appears, euro is gaining a momentum to the lower side. We're eyeing a possible break below 1.13200 to pick a long term sell, however, in case the price ascends beyond the upper trendline, then we'll wait for a confirmation that we're upwards towards 1.24785. As it is, we recommend looking for sell positions. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside towards 1.05250.
Trade Recommendations:
We're short below 1.13200 towards 1.05250.
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.
