Sell Euro at 1.082 with your stop loss above the previous week’s highest high and take profit at 1.0982. | 06 Januari 2020
06 Januari 2020, EUR/USD
Wave Analysis
Last week, Euro attempted break above the level 1.11 but ended up closing below the same level, this a good false breakout scenario and while the price kept below 1.1182, we recommend looking for long term sell orders towards 1.0985. If you took a buy position previous expecting a continuation to the upper side, step out of this trade or if not wait for a possible move back to the same level to pick a possible sell order with your stop loss above the previous day’s highest high and you take profit at 1.0978.
Trade recommendations:
Sell Euro at 1.082 with your stop loss above the previous week’s highest high and take profit at 1.0982.
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.
