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Remain short with your first take profit at 1.05960.

Remain short with your first take profit at 1.05960. | 20 April 2020

20 April 2020, EUR/USD

Wave Analysis

Euro continues to correct it self to the lower side perfectly in line with the previous day's forecast, we expect further correction to the lower side and should break below 1.07070 towards 1.05960. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lower side and may ultimate descend below 1.05960 with the next ideal target being 1.04. At this point, only sell positions looks ideal and can be recommended, buy positions looks risky and may not be recommended.

Trade Recommended

Remain short with your first take profit at 1.05960.

Bob Stan
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