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Wait for a sell from around 1.17192

Wait for a sell from around 1.17192 | 03 November 2020

03 November 2020, EUR/USD

Wait for a sell from around 1.17192

Wave Analysis

During the previous trading day, nothing much happened on this pair, the price closed a few pips below its opening price. As long as the price remains below 1.17192, we are sellers, the idea is to wait for a bounce from the level 1.17192 to pick a long term sell position. The anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lower side and should break and close below the supportive trend line. A rebound from the level 1.17192 will give us a good sell place with an ultimate target set along 1.15060.

Trade Recommendations:

Wait for a sell from around 1.17192

Bob Stan
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