Remain short with an ultimate target around 1.8590. | 29 Januari 2020
29 Januari 2020, EUR/USD
Wave Analysis
During the previous trading day, Euro closed as a possible Bullish pin bar. As long as the price is not able to clear break and close below 1.09780, we expect a possible bounce from this level to pick a long term buy order towards the upper trend line. Should the price break below the level 1.09780, we expect nothing but a possible momentum to the lower side towards 1.08590. The anticipated bearish price rally is the continuation of an impulsive wave count and could see the price break below 1.07895.
Trade Recommendations:
Remain short with an ultimate target around 1.8590.
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.
