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Sell Euro towards 1.0920.

Sell Euro towards 1.0920. | 17 December 2019

17 December 2019, EUR/USD

Sell Euro towards 1.0920.

Wave Analysis

So far, nothing much appears to be happening on this pair. Euro failed to continue to the lower side as previously forecasted, instead, the pair corrected itself to the upper side but is still below the resistance trendline. As we stated during the previous day, we're still sellers especially while the price is held below this trendline. We're waiting for possible bounce from the same trend line to pick a long term sell order towards 1.0855. This view can only be invalidated in case the price breaks and closes above 1.1180.

Trade Recommendations:

Sell Euro towards 1.0920.

Bob Stan
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