Wait to buy euro around 1.17430 | 23 Mei 2018
23 Mei 2018, EUR/USD
Wave Analysis
Yesterday, euro rallied higher but ended up closing red, but is still above 1.17670, For an extended duration now, euro has been in constant downtrend and chances of continuing downwards are very high, however, as long as the price remains above 1.17430, this pair could rebound from this level, however, should the price break below 1.17430, then this pair could continue to the lower side with the next take profit at 1.15790. This downward rally will be the continuation of both the impulsive waves v and (c) and may break below 1.15790.
Trade Recommendations:
Wait to buy euro around 1.17430 towards 1.19560.
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.
