We're sellers. | 22 May 2019

22 May 2019, EUR/USD

We're sellers.

Wave Analysis

Euro is currently trading with an increasing bearish bias momentum. Currently, the price is below the two simple moving averages and also below the upper trendline. As long as the price remains below these two, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below 1.11455 towards 1.10 or even lower. As it is, on the 30 minutes chart, we recommend looking for sell orders.

Trade Recommendations:

We're sellers.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .