Remain short with your first target around 1.05575. | 23 Marzo 2020
23 Marzo 2020, EUR/USD
Wave Analysis
During the previous trading week, euro declined massively to the lowerside and even went below the level 1.07951-1.07818. Following the break below this zone,we expect nothing but a possible momentum to the lowerside, the anticipated bearish price a rally is the continuation of the impulsive wave (5) to the lowerside and should break below 1.06190 towards 1.05575 or even lower. This view can only be invalidated in case the price breaks and closes above 1.07951, if this is the case, then further move to the upper side is expected.
Trade Recommendations:
Remain short with your first target around 1.05575.
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.
