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Sell Euro towards 1.0920.

Sell Euro towards 1.0920. | 24 Tháng mười hai 2019

24 Tháng mười hai 2019, EUR/USD

Sell Euro with your first take profit at 1.0980 and the next at 1.0920.

Wave Analysis

The other day. Euro pulled back to the upper side but is still very much bearish both on the daily and on the weekly time frames. As we mentioned few days ago, while the price is contained below the upper resistance trend line,w e expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the previous impulsive five wave cycle and could see price break below 1.0980 towards 1.0920, if this is the case, then a momentum even lower is expected.

Trade Recommendations

Sell Euro towards 1.0920.

Bob Stan
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