We're short towards 1.15790. | 24 May 2018
24 May 2018, EUR/USD
Wave Analysis
During the previous trading day, the impulsive wave v and (c) extended significantly to the lower side and even went below the daily support level 1.17430. This is a clear sign that the bears are in full control of this market and while the price is contained below 1.17430, we expect a possible rally to the lower side and may break below 1.15790 towards 1.142 or even lower. We may consider a buy position in case the price again break above 1.17430, but while below it, short positions are recommended.
Trade Recommendations:
We're short towards 1.15790.
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.
