Remain short towards 1.11. | 24 Marzo 2021
24 Marzo 2021, EUR/USD
Wave Analysis
Euro is currently in an active down trend. While the price remains below the lower trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should breakout below 1.1815. This view remains valid as long as the price remains below this trendline. In case the price breaks and closes above the lower trendline, then this will be a good place to consider a possible long term buy position with an ultimate target along the upper trendline.
Trade Recommendations:
Remain short towards 1.11.
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.
