Remain short towards 1.17057. | 20 أغسطس 2020
20 أغسطس 2020, EUR/USD
Wave Analysis
After an attempt to breakout above 1.18978, Euro pulled back to the lower side and ended up below 1.18978. As long as the price remains below 1.18978, we expect nothing but a possible momentum to the lower side towards 1.17057. The anticipated bearish price rally is the continuation of the corrective three wave cycle and could see price break below 1.17057. On the flip side, should the price breakout above 1.18978, then this will be a good place to consider a possible buy position.
Trade Recommendations:
Remain short towards 1.17057.
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.
