16 May 2019, EUR/USD
Euro continues to descend perfectly as stated in our previous forecast. We took a sell earlier this year and is still holding, our expectations is that the price should continue to the lowerside. on its way downwards, we looking at the following levels for possible reversals. If the price can pullback up to around 1.1233, then this will be an ideal place to look for long term sell orders with an ultimate target at 1.05570. As it is on the weekly chart, we recommend looking for long term sell orders towards 1.05570.
We're holding onto a sell order.