We're looking for sell orders towards 1.10015. | 28 May 2019
28 May 2019, EUR/USD
Wave Analysis
So far, nothing much has happened on this pair. We still expect further momentum to the lowerside especially while the price is below both the upper trendline and 1.14189-1.13761. As long as the price remains below these two, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should breakout below 1.11205 towards 1.100 or even lower. The idea is to wait for retracements to pick low risk sell orders.
Trade Recommendations:
We're looking for sell orders towards 1.10015.
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.
