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Remain short towardds 1.064.

Remain short towardds 1.064. | 19 February 2020

19 February 2020, EUR/USD

Remain short towardds 1.064.

Wave Analysis

During the previous trading day, the impulsive waves (v) and (5) continued to the lowerside and are still pretty much bearish both on the daily and on the weekly charts. As we mentioned during the previous trading day, as long as the price remains below the previous day's highest, 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). AS it is on this chart, I recommend looking for long term sell orders.

Trade Recommendations:

Remain short towards 1.064.

Bob Stan
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