Expect further bearish correction towards 1.10963-1.10721. | 15 Junio 2020
15 Junio 2020, EUR/USD
Wave Analysis
During late last week, Euro declined after breaking below the supportive trend line and is still showing signs of heading even lower. As long as the price remains below the Alligator indicator attached, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulse wave (c) and should break below 1.10963-1.10721 towards 1.07530. This view will only be invalidated in case the price breaks and closes above last week's highest high.
Trade Recommendations:
Expect further bearish correction towards 1.10963-1.10721.
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.
