18 December 2019, EUR/USD
Wave Analysis
Perfectly as previously forecasted, Euro rallied to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As we mentioned during the previous forecast, As long as the price is kept below the resistance trendline, we expect nothing but a possible momentum to the lowerside, The idea is to pick a sell position upon a retracement back towards the previous day's opening price. But in case the price breaks and closes above the upper trend line, then a momentum to the upper side is expected.
Trade Recommendations:
Sell euro towards 1.0920.
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