EUR/USD: Wave analysis and forecast for 26/04/2019 – 03/05/2019

The pair EUR/USD is still likely to fall. Estimated pivot point is at a level of  1.1263

Main scenario: short positions will be relevant from corrections below the level of  1.1263 with a target of 1.1020 – 1.0950.

Alternative scenario: breakout and consolidation above the level of  1.1263 will allow the pair to continue the rise up to the levels of 1.1447 – 1.1515.

Analysis: Supposedly, a descending correction of senior level in the form of the wave (2) continues developing on the daily time frame with the wave C of (2) developing within. On the H4 time frame, presumably...Read full author’s opinion and review in blog