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Wait for a possible sell

Wait for a possible sell | 16 April 2019

16 April 2019, EUR/USD

Wait for a possible sell

Wave Analysis

Nothing much has happend on this pair since the begining of this week. Since yesterday, the price barely closed at the same price it opened during the previous trading day. As long as the price is sustained below the 1.14725 handle, we expect nothing but a possible steep decline towards the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should first break below 1.11990 before a move even further to the lowerside is seen. The ideal is to wait for a correction higher towards 1.14 to pick a low risk sell order towards 1.04955.

Trade Recommendations:

Wait for a possible sell

Trade CFD on NYSE, MOEX and NASDAQ corporate stocks without swap.

Bob Stan
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