As long as the price remains below 1.20304, expect a possible momentum to the lowerside. | 02 May 2018

02 May 2018, EUR/USD

As long as the price remains below 1.20304, expect a possible momentum to the lowerside.

Wave Analysis

Instead of bouncing off from the daily support level 1.20575, euro declined significantly and even went below the next key level 1.20304, as long as the price remains below 1.20304, we expect further momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should not go beyond the daily support level 1.19015. If this support is broken, then further momentum to the lower side is expected. This view can only be invalidated in case the price breaks above 1.20304.

Trade Recommendations:

As long as the price remains below 1.20304, expect a possible momentum to the lower side.

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus