eurusd WEEK 09-07-2019

The bearish consequences domain the pairs

eurusd WEEK 09-07-2019 2
weekly chart 09-07-2019

The main trend for the EURUSD is bearish controlled by the downtrend channel as shown on the above chart. the downside trend still active till the price didn’t break the invalidation level


currently the price in the wave {(z) supper cycle} /and {w cycle}.

eurusd WEEK 09-07-2019 3
Daily Chart 09-07-2019

the prices is in the beginning of wave (3) of the intermediate level furthermore the subdivision of this wave formulated wave 1 wave 2 is in progress.

confirmation of the downside will occurred when the price break wave 1 level ( 1.1106), however breaking wave 2 (1.1412) would be indicator of double correction . and stop lose should be above this level.

eurusd WEEK 09-07-2019 4
4h chart 09-07-2019
eurusd WEEK 09-07-2019 5

i am waiting the end of wave ((i)) and my recommended entry in the 61.8% retracement of wave ((i)) and the stop lost above wave 2 level (1.1412).

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