Remain short towards 1.07010. | 27 April 2020
27 April 2020, EUR/USD
Wave Analysis
Nothing much appears to be happening on this pair. After the bounce from the upper trend line, we expected a possible momentum to the lower side but should not go beyond 1.07010. If you are on this chart, look for low risk sell positions towards 1.07010. The anticipated bearish price rally is the continuation of the impulsive wave (5) and should break below 1.07010 towards 1.05960. If you are on this chart now, remain short with your first take profit at 1.05960.
Trade Recommendations:
Remain short towards 1.07010.
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.
