Remain short towards 50.0% fib level. | 21 يوليو 2020
21 يوليو 2020, EUR/USD
Wave Analysis
Yesterday, Euro continued to the upper side but has now pulled back to the lowerside. As long as the price remains below the swing high 1.14615, we are expecting a possible momentum to the lowerside, as it is now, we are expecting a possible momentum to the lower side but should not go below 23.6% fib level, if the price breaks below this level, then we may see further momentum to the lower side towards 50.0% fib level. And in case the price breaks and closes above 1.14615, then further momentum upwards is expected.
Trade Recommendations:
Remain short towards 50.0% fib level.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
