Wait | 17 March 2020

17 March 2020, EUR/USD

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Wave Analysis

Nothing much appears to be happenning on this pair, euro failed to successfully close below 1.10809 and as long as the price is not able to go below this level, we choose to remain on the sidelines expecting further momentum to the lowerside and should break below 1.10450 towards 1.10251 or even lower. Alternatively, if the price breaks above 1.12410, then this will be a good place to consider a possible long term buy position with an ultimate target around 1.13635.

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Bob Stan
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