During the previous trading day, the impulsive wave (5) continued to the lowerside and is still showing signs of continuing to the lowerside. As it is right now, I expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and is still continuing much lower towards 0.9393 and may see the price accelerate much lower. This chart is on a sell mode and can safely be recommended.
Trade Recommendations:
We're sellers towards 0.9393
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.
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Bob Stan
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