Sell euro from 1.13203 towards 1.04956. | 18 April 2019
18 April 2019, EUR/USD
Wave Analysis
The previous day's candle was a possible sell candle. As long as the price remains below both the level 1.14725 and also below the resistance trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should break below 1.10970 towards 1.04956. A clear breakout above 1.15304 will push the price to the upperside. As it is at the moment, we're only looking for sell orders.
Trade Recommendations:
Sell euro from 1.13203 towards 1.04956.
Trade CFD on NYSE, MOEX and NASDAQ corporate stocks without swap.
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.
