We're still short | 09 May 2018

09 May 2018, EUR/USD

We're still short

Wave Analysis

During the previous trading day, the impulsive wave (c) extended significantly to the lower side, perfectly as previously forecasted and is still pretty much bearish. Today and in the next few days, we expect further extensions to the lower side with our next target being 1.1790. If this target is broken, then we expect further momentum to the lower side. This view will only be rendered futile in case the price breaks above 1.19326, this being the case, we'll wait for a clear sign that the price will sustain this break, towards 1.22300.

Trade Recommendations

We're still short towards 1.1780

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus