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We're short towards 1.04954.

We're short towards 1.04954. | 19 April 2019

19 April 2019, EUR/USD

We're short towards 1.04954.

Wave Analysis

During the previous trading day, euro declined steeply and is still pretty much bearish both on the daily and the weekly charts. As it is on the weekly chart, we're waiting for a clear close below the previous week's lowest low to pick a low risk sell order towards 1.04355. On its way downwards, the key level to look for include 1.09980 and the next at 1.06739. Currently, buying this pair looks very risky and cannot be recommended unless the price clearly breakout above 1.15304. If this is true, then a move even higher is expected.

Trade Recommendations:

We're short towards 1.04954.

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

Bob Stan
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