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Wait for a buy from around 1.19626-1.19270 towards 1.23340.

Wait for a buy from around 1.19626-1.19270 towards 1.23340. | 26 February 2021

26 February 2021, EUR/USD

Wave Analysis

During the previous trading day, Euro closed as a bearish pin bar. As long as the price remains below the fib level 61.8% fib level, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of a corrective wave count and could see price break and close below 1.19626-1.19270. A break below this level will push the price much lower with the next ideal target set around 1.15640. A break above 61.8% fib level will push the price upwards towards 1.23340.

Trade Recommendations:

Wait for a buy from around 1.19626-1.19270 towards 1.23340.

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