01 Junio 2018, EUR/USD
Wave Analysis
Euro is continues to correct itself but is still just a few pips below the horizontal resistance line 1.17430. This is a key level and as long as it protects the upper side, we're waiting for a clear rebound from it to pick a perfect low rise sell position with an ultimate target at 1.13. If you're already in a short position, then leave this position open, if not, then look for a short position around 1.17430. This view will only be invalidated in case the price breaks above 1.17430. This being the case, we recommend staying flat.
Trade Recommendation,
sell euro upon a rebound from 1.17430
101% Double the volume