We're sellers towards 1.1847 and may extend much lower
We're sellers towards 1.1847 and may extend much lower | 29 июня 2021
29 июня 2021, EUR/USD
Wave Analysis
Euro is currently rallying within a declining wedge formation. As long as the price remains within this range, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside. If the price breaks below 1.1847, then further momentum to the lowerside. As it is on the chart, we recommend looking for long term sell positions expecting the price reach the target we mentioned above. Buy positions looks a bit risky and may not be recommended.
Trade Recommendations:
We're sellers towards 1.1847 and may extend much lower
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