Pick a sell upon a bounce from the upper trendline. | 15 Agustus 2019
15 Agustus 2019, EUR/USD
Wave Analysis
Since September 2018, Euro has remained confined within the falling, yet contracting wedge formation, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of both the impulsive waves (5) and 5 and could breakout below the previous week’s lowest low towards 1.09 or even lower. The next best place to look for a sell from is around the upper trendline.
Trade Recommendations:
Pick a sell upon a bounce from the upper trendline.
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.
