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EURUSD. We're looking for sell orders from 1.11539

EURUSD. We're looking for sell orders from 1.11539 | 25 July 2019

25 July 2019, EUR/USD

Wave Analysis

During the previous trading day, euro made very little movements to our side but is still pretty much bearish both on the 4 hours and the daily charts, As long as the price remains within the declining channel formation and also below the level 1.15539, we expect a possible plunge further to the lowerside with the first ideal take profit at 1.11230, a break below this level will push the price further to the lowerside towards 1.10253. Conservative traders should wait for a retracement back towards 1.11539 to pick a long term sell.

Trade Recommendations:

We're looking for sell orders from 1.11539.

Bob Stan
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