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We're looking for a long term sell order towards 1.11235.

We're looking for a long term sell order towards 1.11235. | 03 July 2019

03 July 2019, EUR/USD

Wave Analysis

Euro is still rallying below the level 1.13478. Following the previous day's recommendations, we expect nothing but a possible plunge towards 1.11225. On its way to the lowerside, the key levels to look for include 1.12500, 1.11990 and 1.11735. If the last line can be broken, then further momentum to the lowerside is expected with the next ideal target being 1.11225. As it is, only sell positions looks ideal, but should price breakout above 1.13478, then this will be a good place to look for a long term buy.

Trade Recommendations:

We're looking for a long term sell order towards 1.11235.

Bob Stan
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