EURUSD. We're on the Sidelines | 10 July 2019
10 July 2019, EUR/USD
Wave Analysis
Eurusd is currently correcting itself to the upperside within a rising wedge formation. As long as the price remains within this wedge formation, we expect nothing but a possible momentum to the upperside but should not go beyond 1.12310. And on the flip side, should price breakout below the lower supportive trend line, then well wait for another breakout below 1.11990, to confirm that we're downwards with an ultimate target at 1.10 or even lower. The idea is to remain flat for now and only sell a breakout below 1.11990.
Trade Recommendations:
Flat
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.
