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Look For a sell now towards 1.05

Look For a sell now towards 1.05 | 17 April 2019

17 April 2019, EUR/USD

Wave Analysis

Earlier today, Euro rose tremendously and is currently trading above a key zone 1.13147-1.13026, in my opinion, this is still a sell as long as the price does not clearly close above this zone, the idea is to wait for a clear signal from where the price is, and with this sell your stoploss should be above 1.13990 and take profit at 1.0465. This view can only be rendered futile in case the price closes above 1.13147, if this is the case, then further movements even higher towards 1.14275 is expected. As it is, we're still looking for a sell.

Trade Recommendation:

Look For a sell now towards 1.05

Trade CFD on NYSE, MOEX and NASDAQ corporate stocks without swap.

Bob Stan
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