We're short | 04 April 2018

04 April 2018, EUR/USD

Wave Analysis:

After a massive bullish correction few days ago, the corrective wave (b) could not go beyond the daily resistance level 1.24410. We expect this level to have marked the end of this correction, that the the current bearish price rally is the unfolding of the impulsive wave (c) to the lower side and should break below 1.28920 towards the daily support seen at 1.20888. According to the daily chart attached, its good to remain short, and have your stop above the previous week's highest high and take profit at 1.208889.

Trade Recommendations:

We're short with an ultimate target at 1.20889

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .