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Remain short towards 1.05.

Remain short towards 1.05. | 21 February 2020

21 February 2020, EUR/USD

Remain short towards 1.05.

Wave Analysis

During the previous trading day, Euro 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, we recommend looking for long term sell order. The anticipated bearish price rally is the continuation of the impulsive waves (v) and (5) and should break below 1.0642 much lower towards 1.05. This view can only be invalidated in case the price breaks and closes above the previous day's highest high.

Trade Recommendations:

Remain short towards 1.05.

Bob Stan
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