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Look for low risk sell positions below 1.08188.

Look for low risk sell positions below 1.08188. | 23 April 2020

23 April 2020, EUR/USD

Look for low risk sell positions below 1.08188.

Wave Analysis

Earlier today, Euro declined below 1.08168 but has now pulled back above the same level, As long as the price is held below 1.08287, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (E) and should break below 1.07990 towards 1.0687 or even lower. As it is now, only sell positions looks ideal and can be recommended, but should the price again rise and close above 1.08287, then this will give us an ideal place to consider a buy.

Trade Recommendations:

Look for low risk sell positions below 1.08188.

Bob Stan
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