Sell the impuslive wave (v) towards 1.08230.

14 February 2020, EUR/USD

Sell the impuslive wave (v) towards 1.08230.

Wave Analysis

Just as previously forecasted, Euro continued to the lower side and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains below the level 1.08980, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive waves (v) and (5) and should break below 1.08230. As it is on this chart, only sell positions looks ideal and can safely be recommended, therefore, only sell positions are recommended.

Trade Recommendations:

Sell the impulsive wave (v) towards 1.08230.

Graham Osano
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