Wait | 25 Junio 2020
25 Junio 2020, EUR/USD
Wave Analysis
During the previous trading day, Euro declined massively and is still pretty much bearish both on the daily and on the weekly charts. Following the bounce from the swing high 1.13470, We expect this up trend to have come to an end that the current bearish price rally is the continuation of the corrective three wave cycle and could break below 61.8% fib level. A bounce from this fib level could give us a good place, while a break below it will push the price to the lower side towards the swing low 1.11750.
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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.
