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Place a pending sell limit order around 1.09327 with your take profit at 1.08080.

Place a pending sell limit order around 1.09327 with your take profit at 1.08080. | 05 May 2020

05 May 2020, EUR/USD

Wave Analysis

After a dive below 1.09327-1.09279, Euro continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts, while the price remains below this zone 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 break below the previous day's lowest low towards 1.08080. As it is now, we are waiting for a retracement towards 1.09327 to pick a long term sell order towards 1.08080.

Trade Recommendations:

Place a pending sell limit order around 1.09327 with your take profit at 1.08080.

Bob Stan
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