Remain short towards 1.19930. | 04 فبراير 2021

Wave Analysis

During the previous trading day, euro continued to the lowerside and is still pretty much bearish. As long as the price remains below the zone 1.20616-1.20552, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should break below 1.19930 towards 1.182 or even lower. If the price pulls back towards 1.20616-1.20552, then this will be a good place to consider a possible sell.

Trade Recommendations:

Remain short towards 1.19930.

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