EURUSD. Look for sell orders | 01 August 2019

01 August 2019, EUR/USD

EURUSD. Look for sell orders

Wave Analysis

During the previous trading day, euro spiked massively to the lowerside and is still pretty much bearish both on the daily and the weekly charts. Following the spike to the lowerside, we expect further momentum to the lowerside but only after a retracemnet back to the upperside. The idea is to wait for retracements back to the upperside to pick low risk sell orders. The anticipated bearish price rally is the continuation of the impulsive wave (v) and may breakout below 1.10220 towards 1.100 or even lower.

Trade Recommendations:

Look for sell orders

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .