Remain short | 05 April 2018
05 April 2018, EUR/USD
Wave Analysis:
During the previous trading day, euro pulled back upwards slightly but ended up closing few pips above it's opening price. The previous day's candle is perfect bearish continuation candle and as long as the price remains below 1.23045, we expect a possible bearish momentum towards 1.20885 or even lower. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and may break below 1.20858 towards 1.1735 or even lower. According to the daily chart attached, only short positions can be recommended.
Trade Recomendations:
Remain short with your target at 1.20885
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.
