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EURUSD. Waiting for low risk sell opportunities

EURUSD. Waiting for low risk sell opportunities | 02 October 2019

02 October 2019, EUR/USD

Resell a correction towards 1.09095.

Wave Analysis

According to the previous day's forecast, Euro was suppose to continue to the lowerside. However, as it looks now, Euro pulled back to the upperside but is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below 1.09400, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (E) and should break below 1.08790 towards 1.0721 or even lower. One could start looking for sell positions now.

Trade Recommendations:

Look for sell orders now

TRADE METALS WITHOUT SWAPS!

Bob Stan
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