Wait | 16 Marzo 2020
16 Marzo 2020, EUR/USD
Wave Analysis
Euro established a support around 1.10809. and could not head to the lower side, we expect this bounce to have marked an end to the impulsive five wave cycle, that the current move to the upper side is the continuation of the corrective three wave cycle but should not go beyond the upper trend line. If you are looking at this chart now, either expect a break above the upper trend line to pick a buy or a break below the support level 1.10809 top pick a long term sell order towards 1.10450.
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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.
