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Have a pending sell limit order around 1.1182.

Have a pending sell limit order around 1.1182. | 08 January 2020

08 January 2020, EUR/USD

Have a pending sell limit order around 1.1182.

Wave Analysis

Euro is still rallying below the level 1.1182. As it is on this chart, only sell positions looks ideal and can safely be recommended. We expect the sell position to be the continuation of a corrective wave count and could see price break below 1.0985 towards 1.0890. On this chart, we are sellers especially as long as the price is below 1.1182. A break and close above this level will mean we are continuing to the upper side with the next ideal target around 1.1250 and could break even higher.

Trade Recommendations:

Have a pending sell limit order around 1.1182.

Bob Stan
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