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Look for low risk sell positions towards 1.16795.

Look for low risk sell positions towards 1.16795. | 10 September 2020

10 September 2020, EUR/USD

Wave Analyis

Earlier this week, Euro successfully broke below the supportive trendline. As long as we continue to see sustenance below the lower trendline. We expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below 1.16795. If this is the case, then further momentum to the lowerside is expected with an ultimate target around 1.15235. A break above the same trendline will mean we are heading to the upoperside.

Trade Recommendations:

Look for low risk sell positions towards 1.16795.

Bob Stan
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