Sell a break below 1.0999. | 29 November 2019
29 November 2019, EUR/USD
Wave Analysis
On 27th of November, Euro bounced of from the 30 minutes support level 1.0999 and could not breakout lower. We expect this bounce to have marked an end to the impulsive wave 5 that the current bullish price rally is the continuation of a corrective three wave cycle and should not break above 1.1020. If price goes above this level, then further momentum to the upperside is expected with an ultimate target at 1.1080. And in case of a break below the support 1.0990, then further momentum even lower is expected.
Trade Recommendations:
Sell a break below 1.0999.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
