Sell Euro with your first take profit at 1.0980 and the next at 1.0920. | 23 Desember 2019
23 Desember 2019, EUR/USD
Wave Analysis
Perfectly inline with what we previously forecasted, the impulsive wave (c) failed to go above the upper trendline. Instead the price bounced off from this the level 1.1160 and is currently heading to the lowerside. While the price is held below this line, we recommend looking for long term sell orders with an ultimate target around 1.0920. This view can only be invalidated in case the price breaks and closes above 1.1160, if this is the case, then a possible momentum towards 1.1400 is expected.
Trade Recommendations:
Sell Euro with your first take profit at 1.0980 and the next at 1.0920.
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.
