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EURUSD. Look for long term sell orders.

EURUSD. Look for long term sell orders. | 29 July 2019

29 July 2019, EUR/USD

EURUSD. Look for long term sell orders.

Wave Analysis:

The week ending 26th July has seen Euro decline steeply and is still pretty much bullish both on the daily and the weekly chart. As long as the price remains below the zone 1.11920-1.12042, we expect nothing but a possible momentum to the lowerside. Currently, the price is below 1.11283 which is a significant weekly support. As long as the price is contained below this level, we expect further momentum to the lowerside with an ultimate target at 1.10940.
Trade Recommendations:
Look for long term sell orders.
Bob Stan
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