Look for long term sell positions. | 14 اكتوبر 2020
14 اكتوبر 2020, EUR/USD
Wave Analysis
After a perfect 50.0% fib retracement, Euro continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. Following the bounce from the upper trendline trendline, we are looking for nothing but a possible momentum to the lowerside. We are expecting a possible impulsive wave count and should push price below the swing low. If this is the case, then further momentum much lower is expected. As it is now, buy positions are riskier and may not be recommended.
Trade Recommendations:
Look for long term sell positions.
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.
