We’re holding onto a sell order towards 1.054. | 22 أبريل 2019
22 أبريل 2019, EUR/USD
Wave Analysis:
During the previous trading week. Euro declined steeply and is still pretty much bearish both on the daily and the weekly charts. As long as the price is contained below the zone 1.14189-1.13761, 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 first try retracing back upwards. If during this week, the price can pullback to the previous week’s opening price, then this will be an ideal place to pick a low risk sell order with an ultimate target at 1.0542.
Trade Recommendations:
We’re holding onto a sell order towards 1.054.
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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.
