We're sellers towards 1.16. | 11 8月 2021

11 8月 2021, EUR/USD

We're sellers towards 1.16.

Wave Analysis

As opposed to the US Dollar, Euro is currently in an active downtrend. As long as the price remains below the Alligator indicator attached, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and should see the price break below 1.16967. A break below this level will push the price much lower. On the flipside, should the price again break above the previous day's highest high, then we may consider a possible long term buy
with an ideal target set at 1.17430. As it is right now, we are only intrested in sell positions.
Trade Recommendations:
We're sellers towards 1.16.
Bob Stan
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo


Get bonus