We're short towards 1.06220. | 09 مايو 2019
09 مايو 2019, EUR/USD
Wave Analysis
Nothing much happened on this pair during the previous trading day. As we mentioned during the previous forecast. As long as the price remains within the converging wedge formation, we expect nothing but a possible steep decline towards 1.06220. The idea is to wait for a pullback back to the upper trendline to pick a low risk sell position. The anticipated bearish price rally is the continuation of the impulsicve wave (c) and should head straight to the lowerside towards 1.0622.
Trade Recommendations:
We're short towards 1.06220.
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.
