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Wait for a sell from around 1.1074.

Wait for a sell from around 1.1074. | 18 November 2019

18 November 2019, EUR/USD

Wave Analysis

Instead of continuing to the lowerside, Euro pulled back to the upperside and is currently heading towards the our sellers area 1.1074. As long as the price is protected from violating the upperside, above 1.1074, we expect a possible bounce from around this place to pick a long term sell order. The idea is to wait for a clear bounce from 1.1074 to pick a long term sell order towards 1.0990. On the flip side, should the price break and close above 1.1074, then we will expect a momentum even higher.

Trade Recommendations:

Wait for a sell from around 1.1074.

Bob Stan
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