Sell Euro towards 1.09330. | 21 January 2020

21 January 2020, EUR/USD

Wave Analysis

Yesterday, Euro closed as an opposite pin bar, the trend is overall downwards but we saw a bullish pin bar, this is not a sign that we are heading to the upper side, as long as the price is held below the upper trendline, we expect nothing but a possible momentum to the lower side., The anticipated bearish price rally is the continuation of an impulsive wave count and could see price break below 1.1000 towards 1.09330 or even lower to 1.08654. This view can only be invalidated in case the price breaks and closes above the upper trend line.

Trade Recommendations:

Sell Euro towards 1.09330.

Bob Stan
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