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.
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.
