Remain short towards 1.07. | 25 May 2020
25 May 2020, EUR/USD
Wave Analysis
EURUSD is currently in an active downtrend, as long as the price remains below the Alligator trend indicator attached, I expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 1.08710 towards 1.07 or even lower. This view can only be invalidated in case the price breaks and closes above 1.09135, if this is the case, then we will be expecting further momentum to the upper side with an ultimate target around 1.09730.
Trade Recommendations:
Remain short towards 1.07.
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.
