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Remain short towards 1.07010.

Remain short towards 1.07010. | 27 April 2020

27 April 2020, EUR/USD

Remain short towards 1.07010.

Wave Analysis

Nothing much appears to be happening on this pair. After the bounce from the upper trend line, we expected a possible momentum to the lower side but should not go beyond 1.07010. If you are on this chart, look for low risk sell positions towards 1.07010. The anticipated bearish price rally is the continuation of the impulsive wave (5) and should break below 1.07010 towards 1.05960. If you are on this chart now, remain short with your first take profit at 1.05960.
Trade Recommendations:
Remain short towards 1.07010.
Bob Stan
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