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Expect sellers to dominate today

Expect sellers to dominate today | 02 July 2019

02 July 2019, EUR/USD

Expect sellers to dominate today

Wave Analysis:

During the previous trading day, euro pulled back to the lower side and even hit out stops below 1.13470. This is a possible bearish dominance sign, and as long as the price remains below this level, we expect an impulsive wave count to the lowerside and should breakout below 1.11920 towards 1.10950. A breakout below this target will culminate into further move to the lowerside and should breakout below 1.10300 or even lower. This view can only be invalidated in case the price breaks above 1.13470, if this is true, then further move to the upperside is expected.

Trade Recommendations:

We're looking for long term sell orders towards 1.10950.

Bob Stan
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