Place a pending sell limit order around 1.14656. | 05 Februari 2019
05 Februari 2019, EUR/USD
Wave Analysis
Euro has picked a momentum to the lowerside. As we mentioned during the previous trading day, while the price is below the zone 1.1506-1.14656, we expect a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below 1.12780 towards 1.05616. On this chart, should price rise above 1.15069, then we'll wait for a confirmation that we're upwards towards 1.17715. Conservative traders can still; place pending sell limit orders around 1.14656.
Trade Recommendations:
Place a pending sell limit order around 1.14656.
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.
