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Waiting for a possible sell.

Waiting for a possible sell. | 12 Marzo 2020

12 Marzo 2020, EUR/USD

Wave Analysis

After the end of the impulsive wave (v) and (c) around 1.14615, euro is yet to show any major moves to the lower side, we expect the current bearish price rally to be the continuation of the corrective three wave cycle and could push price much lower towards 1.08240. As it is now, we are expecting a possible short term rally to the upper side but should not go beyond 1.13765 where we'll be looking for a possible long the sell order. A break above the previous week's highest high will mean we are heading to the upper side.

Trade Recommendations:

Waiting for a possible sell.

Bob Stan
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