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We’re holding onto a sell order towards 1.054.

We’re holding onto a sell order towards 1.054. | 22 April 2019

22 April 2019, EUR/USD

We’re holding onto a sell order towards 1.054.

Wave Analysis:
During the previous trading week. Euro declined steeply and is still pretty much bearish both on the daily and the weekly charts. As long as the price is contained below the zone 1.14189-1.13761, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) and should first try retracing back upwards. If during this week, the price can pullback to the previous week’s opening price, then this will be an ideal place to pick a low risk sell order with an ultimate target at 1.0542.
Trade Recommendations:
We’re holding onto a sell order towards 1.054.

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

Bob Stan
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