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wait | 01 April 2019

01 April 2019, EUR/USD

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Wave Analysis

The previous months candle closed along the monthly support line 1.12471. The previous month's candle is a possible bearish dominance sign, but as long as the price remains above 1.12471, we're waiting for a clear descend below 1.12471 to confirm that we're short with an ultimate target at 1.07330. As it is, this pair could still rise especially while the price is above 1.12471, that rise could push prices higher towards the upper trendline. The anticipated upwards rally is the continuation of the impulsive wave (c) towards the upper trendline.

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