We're short | 04 أبريل 2018
04 أبريل 2018, EUR/USD
Wave Analysis:
After a massive bullish correction few days ago, the corrective wave (b) could not go beyond the daily resistance level 1.24410. We expect this level to have marked the end of this correction, that the the current bearish price rally is the unfolding of the impulsive wave (c) to the lower side and should break below 1.28920 towards the daily support seen at 1.20888. According to the daily chart attached, its good to remain short, and have your stop above the previous week's highest high and take profit at 1.208889.
Trade Recommendations:
We're short with an ultimate target at 1.20889
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
