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Sell Euro with an ideal take profit at 1.09075.

Sell Euro with an ideal take profit at 1.09075. | 02 Abril 2020

02 Abril 2020, EUR/USD

Wave Analysis

Euro is currently trading within a range not going above the upper trendline or below the supportive trend line. As long as the price remains within this wedge formation, we are waiting for a possible bounce from the upper trendline to pick a sell with an ideal take profit at 1.09075. If the price goes below this level, then further momentum to the lowerside is expected with an ultimate target around 1.08425. A break and a close above the upper trendline will mean we are looking for a possible buy order.

Trade Recommendations:

Sell Euro with an ideal take profit at 1.09075.

Bob Stan
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