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Flat | 04 May 2018

04 May 2018, EUR/USD

Flat

Wave Analysis

Yesterday, instead of going short as previously forecasted, euro corrected itself to the upper side and is still several pips below our sellers territory, if you're short already, you can leave this position open, if not, you can wait for further corrections towards 1.20301, to pick a low risk short position with your target at 1.17230. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 1.17230 towards 1.16750 or even lower. On the daily chart, now, its good to remain flat.

Trade Recommendations:

Flat

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Bob Stan
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