Sell a breakout below 1.16780 towards 1.13980. | 31 Marzo 2021
31 Marzo 2021, EUR/USD
Wave Analysis
During the previous trading day, Euro continued to the lower side and is currently approaching a significant support level 1.16780. While the price does not clear breakout below this level, this will be a good place to consider a possible long term sell position. The anticipated bearish price rally is the continuation of a corrective wave count and could push the price much lower with an ultimate target around 50.0% fib level and could push the price much lower towards 61.8% fib level and could continue lower.
Trade Recommendations:
Sell a breakout below 1.16780 towards 1.13980.
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.
