eurusd (11-07-2019 ) Correction takes place for the Pairs and bearish will come soon.

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 (1.1820)

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

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.

Recommendations:

the sell limit entry level should be at the 61.8% retracement level or above of wave ((i)), and the stop lose above the start of wave ((i)) and take your first profit at the level of wave ((i) and the second target profit at the 100% Fibonacci extension.

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