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Waiting for a sell.

Waiting for a sell. | 08 April 2020

08 April 2020, EUR/USD

Waiting for a sell.

Wave Analysis

Nothing much appears to be happening on this pair, we expected a possible momentum towards 1.06100 but as it looks, euro may stay within a range, not going above 1.11070 or below 1.06100. We're waiting for a clear breakout below 1.06100 to confirm a possible long term sell order with an ultimate target around 1.04875. If you are looking at this chart now, you should consider a possible long term sell order but with your target around 1.048. A break below this level will push the price much lower.

Trade Recommendations:

Waiting for a sell.

Bob Stan
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