We're short towads 1.16 | 18 May 2018
18 May 2018, EUR/USD
Wave Analysis
During the previous trading day, both the impulsive waves v and (c) extended significantly to the lower side and are still pretty much bearish both on the daily and the weekly charts. Today, we expect a possible extension of both the impulsive waves to the lower side and may break below 1.1695 towards 1.15 or even lower. If you're not already in a short position, then you could wait for a minor pullback towards the previous day's highest high, or the previous day's opening price to pick a short position towards 1.16.
Trade Recommendations:
We're short towads 1.16
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.
