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Remain short with an ideal target at 1.08590.

Remain short with an ideal target at 1.08590. | 28 January 2020

28 January 2020, EUR/USD

Wave Analysis

Just as previously forecasted, Euro continued significantly to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the upper trend line,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 1.09185 towards 1.07995. This view can only be invalidated in case the price breaks and closes above the upper trend line.

Trade Recommendations:

Remain short with an ideal target at 1.08590.

Bob Stan
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