Look for low risk sell positions towards 1.16795. | 10 سبتمبر 2020
10 سبتمبر 2020, EUR/USD
Wave Analyis
Earlier this week, Euro successfully broke below the supportive trendline. As long as we continue to see sustenance below the lower 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 1.16795. If this is the case, then further momentum to the lowerside is expected with an ultimate target around 1.15235. A break above the same trendline will mean we are heading to the upoperside.
Trade Recommendations:
Look for low risk sell positions towards 1.16795.
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.
