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Look for a possible sell from 1.19065 towards 38.2.

Look for a possible sell from 1.19065 towards 38.2. | 30 March 2021

30 March 2021, EUR/USD

Look for a possible sell from 1.19065 towards 38.2.

Wave Analysis

Euro continues to rally below 1.19065-1.18612. While we continue to see sustainance velow thie zone, we are looking for long term sell positions expecting price to break below 38.2% fib level and should push the price much lower towards 50.0% fib level or even lower towards 50.0% fib. On the flipside, should the price break above 23.6%, then we will be looking for possible long term buy position expecting price to breakout above 1.22823 and may continue much higher towards 1.2780.

Trade Recommendations:

Look for a possible sell from 1.19065 towards 38.2.

Bob Stan
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