Remain short. | 09 سبتمبر 2020
09 سبتمبر 2020, EUR/USD
Wave Analysis
On this chart, we are in an active down trend. While we continue to see sustenance below the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below 1.17510 towards 1.160 or even lower. As it is now, only sell positions looks ideal and can be recommended. But should the price break above the previous day's highest high, then we may consider a buy.
Trade Recommendations:
Remain short.
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.
