Remain short towards 1.16060. | 26 Marzo 2021
26 Marzo 2021, EUR/USD
Wave Analysis
During the previous trading day, after breaking below the zone 1.18543-1.18343, Euro continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. While we continue to see sustenance below this zone, we are looking for long term sell positions expecting price to break below 1.16242 towards 1.15 or even lower. If the price pulls back upwards then the best place to wait for a sell from is around 23.6 around 38.2% fib level. If the price comes to these levels we'll be looking for trades.
Trade Recommendations:
Remain short towards 1.16060.
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.
