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Remain short towards 1.078.

Remain short towards 1.078. | 18 February 2020

18 February 2020, EUR/USD

Wave Analysis

Just as previously forecasted, both the impulsive waves (v) and (5) continued 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 previous day's highest high, I expect further momentum to the lower side and should break below 1.0754 much lower. This view can only be invalidated in case the price breaks and closes above the previous day's highest high, if this is the case, then further momentum much higher is expected.

Trade Recommendations:

Remain short towards 1.078.

Bob Stan
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