Remain short towards 1.15590. | 11 أغسطس 2020
11 أغسطس 2020, EUR/USD
Wave Analysis
After a bounce from 1.19060, Euro moved to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As it is now, we are expecting a possible momentum even further to the lower side with an ultimate target around 1.15160. A bounce from 1.17051 will give an a good buy opportunity. But, now, we are expecting a possible continuation of the current correction to the lower side and should break below 1.15590. A breakout above 1.19060 will push us higher.
Trade Recommendation:
Remain short towards 1.15590.
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.
