We're short. | 17 مايو 2019
17 مايو 2019, EUR/USD
Wave Analysis
Euro is currently trading within a declining channel formation. As long as the price remains within this shape formation, 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 with an ultimate target at 1.11475. The idea is to wait for retracement back towards the upper trendline to pick a low risk sell order with an ultimate target at 1.11475. A break below this target will push the price even lower.
Trade Recommendations:
We're short.
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.
