Waiting for a possible long term sell order. | 03 Marzo 2020
03 Marzo 2020, EUR/USD
Wave Analysis
According to the Chart attached, Euro has formed a perfect Bowl shape. The close of the previous day saw price rise much higher and even reached the high of 1.11835. Overall, Euro is in an active down up trend but should the price fail to successfully break beyond 1.12170, then this will give us a good place to consider a possible long term sell order. A break above this level will push the price much higher towards the next level 1.13. As it is now, on the hourly chart, expect a possible bearish correction.
Trade Recommendations:
Waiting for a possible long term sell order.
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.
