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Sell euro from 1.12270 with your take profit at 1.10260.

Sell euro from 1.12270 with your take profit at 1.10260. | 30 April 2019

30 April 2019, EUR/USD

Wave Analysis

During the previous trading day, euro pulled back to the upperside and is currently just a few pips from our sellers place 1.12270. 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 (E) to the lowerside and should extend even below the supportive trendline. The idea is to have a pending sell limit order around 1.12270, stop loss above 1.12780 take profit along the supportive trendline.

Trade Recommendations:

Sell euro from 1.12270 with your take profit at 1.10260.

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

Bob Stan
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