Remain short with your take profit at 1.09330. | 23 Januari 2020
23 Januari 2020, EUR/USD
Wave Analysis
Instead of continuing to the lower side, Euro pulled back to the upper side but is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below 1.10952, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of an impulsive wave count and could go beyond 1.09330. This view can only be invalidated in case the price breaks and closes above the upper trend line, if this is the case, then a momentum much higher is expected.
Trade Recommendations:
Remain short with your take profit at 1.09330.
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.
