We're sellers towards 1.17390 | 05 May 2021
05 May 2021, EUR/USD
Wave Analysis
Euro continues to struggle below the upper trendline. As long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside and should break below 1.19565 and should breakout much lower towards 1.17390. And on the flip side, should the price break above the upper trendline, then further momentum to the upperside and should break above the upper trendline and should break above the upper trendline towards 1.23480 towards 1.24350.
Trade Recommendations:
We're sellers towards 1.17390
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.
