Sell a rebound from 1.17945 with your target at 1.17175. | 06 اكتوبر 2020
06 اكتوبر 2020, EUR/USD
Wave Analysis
After an intense momentum to the upperside, Euro is currently around a significant diagonal trendline. A clear rebound from this trendline will mark an end to the impulsive wave (E) to the upper side and the onset of a correction to the lowerside and should breakout below 1.17735 towards 1.17245. And on the other side, should the price breakout above 1.17945, then this will be a good place to consider a possible long term buy position with an ultimate target fixed around 1.20.
Trade Recommendations
Sell a rebound from 1.17945 with your target at 1.17175.
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.
