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Remain short towards 1.09600.

Remain short towards 1.09600. | 19 June 2020

19 June 2020, EUR/USD

Remain short towards 1.09600.

Wave Analysis

During the previous trading day, the corrective three wave cycle 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 lowest low, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 1.11430 towards 1.09140. And should the price break and close above 1.14180, then further momentum to the upper side is expected.

Trade Recommendations:

Remain short towards 1.09600.

Bob Stan
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