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Place a pending sell limit at 1.1455 or 1.1539, your take profit at 1.1218.

Place a pending sell limit at 1.1455 or 1.1539, your take profit at 1.1218. | 30 November 2018

30 November 2018, EUR/USD

Wave Analysis

The columns of MACD continues to remains below the 0.00 level despite the fact that the price is pulling back to the upperside. We expect the current upward rally to be a mere correction to the upperside and should not go beyond 1.1539 where we'll be looking for a long term short position towards 1.045. Other than 1.1539, the other good place to look for a sell position is 1.1455, you could have a pending sell limit from either 1.1455, and the next at 1.1539. All of which you should take profit around 1.1218.

Trade Recommendations:

Place a pending sell limit at 1.1455 or 1.1539, your take profit at 1.1218.

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Bob Stan
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