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Wait | 11 April 2019

11 April 2019, EUR/USD

Wait for a possible low risk sell.
Wave Analysis:
During the previous trading day, euro rose tremendously and is still very much bullish both on the daily and the weekly charts. So far, this pair has been making lower lows, which means the current bullish price rally is the continuation of a correction to the upperside and should not go beyond 1.13030. The anticipated long term sell order is the continuation of the impulsive wave (c) to the lowerside and should breakout below 1.11590 towards 1.050. On its way downwards, the key lines to look for include 1.10890.
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