Wait for a sell around 1.134 towards 1.11. | 23 April 2019
23 April 2019, EUR/USD
Wave Analysis
So far, nothing much has happened on this pair, euro is still active to the lowerside. We expect the previous day's move to the upperside to be a mere correction and should not go above 1.14189-1.13761. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) and should head straight towards 1.11 or even lower. As it is, looking for a buy on this pair looks risky and cannot be recommended.
Trade Recommendation:
Wait for a sell around 1.134 towards 1.11.
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.
