We're shoort towards 1.17 | 08 Mei 2018
08 Mei 2018, EUR/USD
Wave Analysis
During the previous trading day, the impulsive wave (c) extended lower than expected and is still pretty much below the daily support level 1.19128. As long as the price remains below this level, we expect a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 1.18350 towards 1.17 or even lower. If you're not short already, you could wait for a pullback towards 1.19328 to pick a low risk short position towards 1.17.
Trade Recommendations:
We're short towards 1.17
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.
