Look for sell positions towards the lower trendline. | 04 نوفمبر 2020
04 نوفمبر 2020, EUR/USD
Wave Analysis
After a pullback to the upperside, Euro could not break above 1.17121. While the price remains below 1.17121-1.17042, 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 may breakout below the supportive trendline towards 1.14060. If the price bounces off from the supportive trendline, then we will be expecting a possible rally to the uppperside but should no go beyond 1.17121.
Trade Recommendations:
Look for sell positions towards the lower trendline.
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.
