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We're still sellers in this market

We're still sellers in this market | 16 May 2019

16 May 2019, EUR/USD

We're short from around 1.13445 towards 1.05570.

Wave Analysis:

Euro continues to descend perfectly as stated in our previous forecast. We took a sell earlier this year and is still holding, our expectations is that the price should continue to the lowerside. on its way downwards, we looking at the following levels for possible reversals. If the price can pullback up to around 1.1233, then this will be an ideal place to look for long term sell orders with an ultimate target at 1.05570. As it is on the weekly chart, we recommend looking for long term sell orders towards 1.05570.

Trade Recommendations:

We're holding onto a sell order.

Bob Stan
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