Resell euro from 1.12150 towards 1.10720. | 06 مايو 2019

Wave Analysis

During the previous trading, euro sustained itself below 1.12150 and is still pretty much below this level, as long as the price is contained below this level, we expect this pair continue to the lowerside with the next ideal target at 1.10330. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should first break below 1.11130 before a move further to the lowerside is seen. As it is, its very risky to look for a buy, unless the price is above 1.11130, and even then, a confirmation is necessary that the price is heading upwards.

Trade Recommendations:

Resell euro from 1.12150 towards 1.10720.

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