Technical analysis and advice on the EURUSD pair on 06/05/2019.
Analytics currency pairs, based on a round level, price channels and altered wave analysis.
Currency pair EUR / USD is trading in the range of circular important level 1.1200. The breaking of the round secondary level of 1.1180 will give the formation of the descending wave design M10 level within the descending wave C M15 design level. Penetration level of 1.1173 M15 will formation level downlink structure under construction wave downlink C H2 level.
Our view on the pair EUR / USD:
pair selling EUR / USD below 1.1180 round secondary level (available at the closing hour candles below the level).
Stop Loss for all secondary level 1.1220.
Target levels of EUR / USD - 1.1145 (closing ½ warrant and the transfer to breakeven); 1.1120.
Author: Eugene Boguraev Grand Capital Analysis and commentaries reflect the personal opinion of the authors and are not a recommendation to trade.