We're short towards 1.050. | 21 مايو 2019
21 مايو 2019, EUR/USD
Wave Analysis
Euro is currently trading with an increasing bearish bias momentum. We're waiting for clear breakout below the supportive trendline to pick a long term sell orders with an ultimate target at 1.050. As it is on the weekly chart attached, the previous week's candle was a perfect bearish continuation candle, and in case the price breaks below the supportive trendline, 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.
Trade Recommendations:
We're short towards 1.050.
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.
