Waiting for a sell signal from 1.11067. | 22 Agustus 2019
22 Agustus 2019, EUR/USD
Wave analysis
Few minutes ago, Euro rose tremendously and is currently rallying around a key hourly resistance level 1.11067, this is a key level and as long as the price remains below it, we're waiting for a clear bounce from it to pick a long term, sell order towards the next support level marked at 1.10731. This view can only be invalidated in case the price breaks above the upper trendline, if this is the case, then we'll wait for a retracement back to the same level to pick a long term buy order towards 1.11445.
Trade Recommendations:
Waiting for a sell signal from 1.11067.
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.
