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Look for sell positions towards 1.17025.

Look for sell positions towards 1.17025. | 07 October 2020

07 October 2020, EUR/USD

Wave Analysis

Yesterday, Euro rallied massively to the lowerside and even went below the supportive trendline. as long as the price remains below the lower trendline, we expect nothing but a possible momentum to the loweriside. The anticipated bearish price rally is the continuation of a corrective wave count to the lowerside and should breakout below 1.17026 towards 1.16148. A break below this level will push the price much lower towards 1.15 or even lower. If you are looking at this chart now, keep looking for low risk sell positions.

Trade Recommendations

Look for sell positions towards 1.17025.

Bob Stan
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