Wait | 29 November 2018
29 November 2018, EUR/USD
Wave Analysis
During the previous trading day, euro traded a bit higher than expected and even ended up above where we sold it from 1.1368. Our stops were taken out when the price rose above the Monday's highest high, however, as long as the price remains below 1.1368, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally should be impulsive in nature and should break below yesterday's lowest towards 1.1218 or even lower. If you're not in any position as of writing this article, you may pick a sell from 1.1528.
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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.
