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Remain short | 19 March 2020

19 March 2020, EUR/USD

Remain short

Wave Analysis

During the previous trading day, euro continued massively to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price is held below the alligator trend indicator attached, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of both the impulsive waves v and (c) and should break below 1.08095 towards 1.07850 or even lower. If you are looking at this chart now, keep looking for sell orders.

Trade Recommendations:

Remain short

Bob Stan
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