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Sell Euro towards 1.0990.

Sell Euro towards 1.0990. | 07 November 2019

07 November 2019, EUR/USD

Sell Euro towards 1.0990.

Wave Analysis

During the previous trading day, Euro corrected itself massively to the lowerside and even went below the supportive trendline. Following the break below this trendline, we expect nothing but a possible momentum to the lowerside. As long as the price is contained below the supportive trendline, we expect to continue short with the last impulsive wave (c) to the lowerside and should break below 1.1030 towards 1.0950. This view can only be invalidated in case the price again breaks above the upper trendline.

Trade Recommendations:

Sell Euro towards 1.0990.

Bob Stan
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