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Sell this pair with your take profit at 1.08295.

Sell this pair with your take profit at 1.08295. | 30 January 2020

30 January 2020, EUR/USD

Sell this pair with your take profit at 1.08295.

Wave Analysis

Euro is currently in an active downtrend. As long as the price remains below the upper trend line, we expect nothing but a possible momentum to the lower side and should break below 1.08890 towards 1.08295. The anticipated bearish price rally is the continuation of an impulsive wave count and could successfully break below 1.08295. This view can be invalided in case the price breaks above the upper trend line, if this is the case, then further momentum to the upper side and should break above 1.12460.

Trade Recommendations:

Sell this pair with your take profit at 1.08295.

Bob Stan
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