We're short. | 13 November 2018
13 November 2018, EUR/USD
Wave Analysis
Euro is currently trading below the 52 Simple Moving Average. As we mentioned in our previous forecasts, as long as the price is below this MA, we expect a possible momentum to the lower side, then anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and should break below 1.12095. If this is the case, then we'll expect a steep decline further to the lower side with an ultimate target at 1.100. According to the chart attached, only sell positions looks more ideal and can be recommended.
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.
