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Wait | 25 June 2020

25 June 2020, EUR/USD

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Wave Analysis

During the previous trading day, Euro declined massively and is still pretty much bearish both on the daily and on the weekly charts. Following the bounce from the swing high 1.13470, We expect this up trend to have come to an end that the current bearish price rally is the continuation of the corrective three wave cycle and could break below 61.8% fib level. A bounce from this fib level could give us a good place, while a break below it will push the price to the lower side towards the swing low 1.11750.

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Bob Stan
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