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We're still sellers in this market

We're still sellers in this market | 17 June 2019

17 June 2019, EUR/USD

Wave Analysis

On Friday last week, our stops was taken out when the price went below the lower trendline. As long as the price is contained below this trendline, we expect nothing but a possible momentum to the lowerside. While the price is contained below this trendline, we recommend looking for long term sell orders towards the lower trendline. And should price breakout below the lower trendline, we expect further momentum to the lowerside. But should price break above the upper trendline, we're looking for buy orders.

Trade Recommendations:

Look for a sell towards the lower trendline.

Bob Stan
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