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On the sidelines

On the sidelines | 04 Abril 2019

04 Abril 2019, EUR/USD

We're short as long as the price is below 1.12230.

Wave Analysis

Euro is attempting to pullback to the upperside but is still below the level 1.12230. This is a key level and as long as the price remains below 1.12230, according to the upper trendline this pair is still in an active downtrend and that any bullish rally seen especially above 1.12230 is a mere correction and should not break beyond the upper trendline. As it is, as long as the price remains below 1.12230, we recommend looking for a long term sell orders towards the monthly support level seen at 1.07330.

Trade Recommendations:

On the sidelines

A lot of interesting information on the webinar!

Bob Stan
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