We're looking for long term sell positions towards 1.17032.
We're looking for long term sell positions towards 1.17032. | 09 July 2021
09 July 2021, EUR/USD
Wave Analysis
After an attempt to break below the daily low 1.18070, euro pulled back to the upperside but is still being contained below the Black Alligator line, as it is right now, we are looking for long term sell positions. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and should breakout below 1.17613 towards 1.17032. On the upperside, the key levels I am looking for include 1.18466, 1.18712, 1.18910 and 1.19354. As it is at the moment, only sell positions looks ideal and can safely be recommended.
Trade Recommendations:
We're looking for long term sell positions towards 1.17032.
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