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Expect further momentum to the lowerside.

Expect further momentum to the lowerside. | 31 March 2020

31 March 2020, EUR/USD

Expect further momentum to the lowerside.

Wave Analysis

Yesterday, Euro pulled back to the lower side and is currently showing signs of a possible continuation to the lower side, while the price is held below the Alligator indicator attached, I expect further momentum to the lower side, the anticipated bearish price rally is the continuation of the corrective three wave cycle and could see price break below 1.09870 towards 1.08880. This view can only be invalidated in case the price breaks above 1.11520, if this is the case, then further momentum much higher is expected.

Trade Recommendations:

Expect further momentum to the lower side.

Bob Stan
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