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Remain short with an ultimate target around 1.0864.

Remain short with an ultimate target around 1.0864. | 07 Febrero 2020

07 Febrero 2020, EUR/USD

Wave Analysis

During the previous trading day. the impulsive wave (5) continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below 1.09850 and also be the columns below 0.0, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (5) and should continue towards 1.09600. If you are looking for an entry position, you should wait for a pullback towards 1.10100.

Trade Recommendations:

Remain short with an ultimate target around 1.0864.

Bob Stan
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