Remain short towards 1.03405. | 07 May 2020
07 May 2020, EUR/USD
Wave Analysis
Euro continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. Following the previous day's forecast, Euro continued to the lower side, as long as the price remains below the supportive trend line, we expect nothing but a possible momentum to the lower side, if the price can break below the supportive trend line, then we expect further momentum to the lower side with an ultimate target around 1.03405, if you are on this chart, we recommend looking for sell orders.
Trade Recommendations:
Remain short towards 1.03405.
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.
