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Remain short towards 1.03405.

Remain short towards 1.03405. | 07 May 2020

07 May 2020, EUR/USD

Remain short towards 1.03405.

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.

Bob Stan
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