There is a bearish pin bar on the daily chart | 16 سبتمبر 2020
16 سبتمبر 2020, EUR/USD
Wave Analysis
On the 4 hours chart attached, EURUSD bounced off from the upper trendline, went straight to the lowerside and is still showing signs of a possible rally even lower. If you are looking at this chart, expect a possible from the upper trendline to pick a low risk sell position towards the inner lower trendline. A break below the current converging shape formation may push the price much lower lower towards the lower trendline. A break below this trendline will push the price actively to the lowerside towards 1.16695.
Trade Recommendations:
Expect further bearish price rally towards 1.17920.
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.
