Wait for a rebuy from around 1.18978. | 19 أغسطس 2020
19 أغسطس 2020, EUR/USD
Wave Analysis
During the previous trading day, Euro rallied to the upper side and even went above 1.18978. As long as the price remains above 1.18978, we expect nothing but a possible momentum to the upper side towards 1.2035. This view can only be invalidated in case the price remains above 1.18978. If the price pulls back to the lowerside and breaks below 1.18978, then this will be a good place to consider a possible sell position with an ultimate target set around 1.17057 and could breakout much lower.
Trade Recommendations:
Wait for a rebuy from around 1.18978.
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.
