Wait | 29 January 2019
29 January 2019, EUR/USD
Euro is currently trading around 1.1436. As we mentioned previously, we expect the upward rally that began the previous day to be the unfolding of a corrective wave count and should not break above the upper Envelope trend indicator. If you're on this pair at the moment, you should expect further correction even higher, but should bounce from this said indicator towards 1.12745. Should price break below the immediate supportive trendline, then this is an ideal place to look for a long term sell towards 1.04170.
Trade Recommendations:Wait
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.
