Sell a bounce from the upper trendline towards 1.04826. | 07 December 2018
07 December 2018, EUR/USD
Wave Analysis
Still nothing much happening on this pair. Euro is still below the resistance trendline. As long as the price is below this trendline and also below the level 1.3526, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and should first break below 1.11800. If you're not in any position at the moment, you could wait for a bounce from the immediate trendline to pick a long term short position towards 1.04826.
Trade Recommendations:
Sell a bounce from the upper trendline towards 1.04826.
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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.
