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Wait for a resell from around 1.20888 towards 1.19207.

Wait for a resell from around 1.20888 towards 1.19207. | 09 February 2021

09 February 2021, EUR/USD

Wait for a resell from around 1.20888 towards 1.19207.

Wave Analysis

After a break below the level 1.20818, Euro continued to the lowerside but has currently pulled back to the upperside, we are waiting for a sell from around 1.20888. As long as the price remains below this level we expect nothing but a possible momentum to the lowerside. the anticipated bearish price rally is the continuation of the last impulsive wave c to the lowerside but should not go beyond 1.19307. If the price breaks beyond this level, then we expect even more momentum to the lowerside,

Trade Recommendations:

Wait for a resell from around 1.20888 towards 1.19207.

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