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Wait for a sell from within 1.09635-1.09460.

Wait for a sell from within 1.09635-1.09460. | 26 Marzo 2020

26 Marzo 2020, EUR/USD

Wait for a sell from within 1.09635-1.09460.

Wave Analysis

Euro continues to move to the upper side despite the previous week's forecast that it could decline, at this pair, we are waiting for a possible bounce from within 1.09635-1.09460 to pick a long term sell order towards the lower trend line. On the flip side a sustained move above 1.09635 will mean we are continuing to the upper side with an ultimate target around 1.11500. According to the current chart set up an structure, sell positions looks ideal and can be recommended from 1.040-1.09635.

Trade Recommendations:

Wait for a sell from within 1.09635-1.09460.

Bob Stan
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