Wait | 27 Julio 2020
27 Julio 2020, EUR/USD
Wave Analysis
According to the intraday stochastic attached, EURUSD is currently over bought, as long as the price remains above the 80 level, we are expecting a possible sell anytime, as it is now, we may still see further momentum to the upper side and could break above 1.2012. And in case the price bounces off from 1.17370, then this will be a good place to sell considering the fact that the stochastic is above the 80.0 level. The anticipated bearish price rally is the continuation of a corrective wave count towards 1.14590.
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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.
