Expect a possible momentum to the lower side during this week | 01 May 2019
01 May 2019, EUR/USD
Wave Analysis
During the previous trading day, this pair rallied slightly higher than expected but is still bearish. According to the weekly chart, we still expect a sell especially while the price is below the level 1.12460. As long as the price is contained below this level, we expect nothing but a possible momentum to the lowerside with an ultimate target at 1.10300. Basically, we're still sellers on this pair despite the recent two day rise. Our expectation is to resell the impulsive wave (E) around 1.12460 towards 1.10300.
Trade Recommendations:
We're short from 1.12460.
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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.
