manager photo manager photo
We will be pleased to answer any questions you may have



Get bonus

Log in

Still short

17 May 2018, EUR/USD

Still short

Wave Analysis

During the previous trading day, euro declined perfectly as previously forecasted but ended up closing at 1.18088, several pips above it's lowest low. The previous day's candle is a near perfect bearish exhaustion candle, and it could mean the buyers are coming in. We're waiting for a clear sign that the sellers are clearly exhausted so that we cane pick a low risk buy opportunity, however, as long as the price remains below 1.18580, we expect both the impulsive waves (v) and (c) to continue to the lower side with an ultimate target at 1.16.

Trade Recommendations:

We're still short with an ultimate target at 1.16

FreshForex cancels commissions!

Graham Osano
Agree with the review?
Traders' opinion:
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 .