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Remain short with a ultimate target around 1.06.

Remain short with a ultimate target around 1.06. | 03 April 2020

03 April 2020, EUR/USD

Remain short with a ultimate target around 1.06.

Wave Analysis

Yesterday, Euro continued to the lower side perfectly as previously forecasted and is still pretty much bearish both on the daily and on the weekly charts, we expect a possible continuation of the impulsive wave (c) to the lower side and should break below 1.07765 towards 1.06 or even lower towards 1.05. This view can only be invalidated in case the price breaks and closes below 1.09520. A sustained move above 1.09704 will mean we are heading further to the upper side towards 1.10400.

Trade Recommendations:

Remain short with a ultimate target around 1.06.

Bob Stan
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