A weekly support is seen around 1.12564 | 21 Februari 2019
21 Februari 2019, EUR/USD
Wave Analysis
During the previous trading day, Euro opened at 1.13387 went as high as 1.13701 and as low as 1.13238, but ended up closing at 1.1335, just a few pips below its opening price. The previous day's candle is a bearish dominance candle and as long as the price remains below the previous day's opening price, we expect a possible surge to the lowerside towards 1.12564. This level is a weekly support and while the price is contained above it, we're long term buyers, long term traders should have a pending buy limit around 1.12564 with stop loss below 1.12265.
Trade Recommendation:
Wait.
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.
