Still short with our take profit at 1.1218. | 28 November 2018

28 November 2018, EUR/USD

Still short with our take profit at 1.1218.

Wave Analysis

Perfectly as we forecasted during the previous trading day, euro continued to the lower side following the bearish pin bar seen on Monday. As we mentioned during the previous trading day, as long as the price remains below 1.1368, we expect nothing but a possible momentum to the lower side. According to the daily chart above, expect a decline towards 1.1218. If this level is broken, then we expect the impulsive wave v to continue to the lower side with the next ideal target being 1.01 or even lower.

Trade Recommendations:

Still short with our take profit at 1.1218.

101% Double the volume

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Bob Stan
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