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Remain short

Remain short | 05 Marzo 2020

05 Marzo 2020, EUR/USD

Remain short

Wave Analysis

After reaching the highs pf 1.11935, Euro could not breakout any higher. We expect the bounce from this level to have marked an end to both the impulsive waves (c) and v and that the current bearish price rally is the continuation of a correction to the lower side and should break below 1.10635 towards 1.09660 or even lower. The anticipated bearish price rally is the continuation of an impulsive wave count and could see the price break below 1.09660 but should not go beyond 1.08685.

Trade Recommendations:

Remain short

Bob Stan
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