Sell a breakout below 1.16780 towards 1.13980. | 31 March 2021

31 March 2021, EUR/USD

Look for a possible sell from 1.19065 towards 38.2.

Wave Analysis

During the previous trading day, Euro continued to the lower side and is currently approaching a significant support level 1.16780. While the price does not clear breakout below this level, this will be a good place to consider a possible long term sell position. The anticipated bearish price rally is the continuation of a corrective wave count and could push the price much lower with an ultimate target around 50.0% fib level and could push the price much lower towards 61.8% fib level and could continue lower.

Trade Recommendations:

Sell a breakout below 1.16780 towards 1.13980.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus