Expect a bearish bounce from 1.12150 | 02 مايو 2019
02 مايو 2019, EUR/USD
Wave Analysis
Yesterday, euro went as high as 1.12646 and as low as 1.11871, but ended up closing at just a few pips below its opening price. The previous trading day's candle is a possible sell candle and as long as the price remains below the previous day's opening price 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 and should break below the previous week's lowest low towards 1.10660. As it we, only recommend looking for sell orders.
Trade Recommendations:
Sell euro from 1.12150 with your take profit at 1.11050.
Trade CFD on NYSE, MOEX and NASDAQ corporate stocks without swap.
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.
