Wait | 29 November 2018

29 November 2018, EUR/USD

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Wave Analysis

During the previous trading day, euro traded a bit higher than expected and even ended up above where we sold it from 1.1368. Our stops were taken out when the price rose above the Monday's highest high, however, as long as the price remains below 1.1368, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally should be impulsive in nature and should break below yesterday's lowest towards 1.1218 or even lower. If you're not in any position as of writing this article, you may pick a sell from 1.1528.

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Bob Stan
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