We're short | 12 November 2018
12 November 2018, EUR/USD
Wave Analysis
As we mentioned few weeks ago, euro has been loosing value constantly and is still pretty much bearish on both the higher and the lower time frames. During the past trading day, euro went below a weekly support level 1.131 and is still below this level. As long as the price is below this level, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower-side and should first break below 1.130 before a move further to the lowerside is seen.
Trade Recommendations:
We're short
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
