09 May 2019, EUR/USD
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.