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We're short towards 1.050.

We're short towards 1.050. | 21 May 2019

21 May 2019, EUR/USD

We're still sellers

Wave Analysis

Euro is currently trading with an increasing bearish bias momentum. We're waiting for clear breakout below the supportive trendline to pick a long term sell orders with an ultimate target at 1.050. As it is on the weekly chart attached, the previous week's candle was a perfect bearish continuation candle, and in case the price breaks below the supportive trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside.

Trade Recommendations:

We're short towards 1.050.

Bob Stan
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