We're short towards 1.06220. | 09 May 2019

09 May 2019, EUR/USD

We're downwards

Wave Analysis

Nothing much happened on this pair during the previous trading day. As we mentioned during the previous forecast. As long as the price remains within the converging wedge formation, we expect nothing but a possible steep decline towards 1.06220. The idea is to wait for a pullback back to the upper trendline to pick a low risk sell position. The anticipated bearish price rally is the continuation of the impulsicve wave (c) and should head straight to the lowerside towards 1.0622.

Trade Recommendations:

We're short towards 1.06220.

TRADING STRATEGY FOR FREE!

Bob Stan
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