Waiting for a possible long term sell order towards 1.0755. | 03 February 2020
03 February 2020, EUR/USD
Wave Analysis
Our stops were taken out when the price pulled back upwards and even closed above 1.10540, we expect the current bullish price rally to be the continuation of a corrective wave (b) and could see the price break above the upper trend line. However, should the price bounce off from this trend line, then this will be a good place to consider a long term sell order. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 1.08550 towards 1.07555.
Trade Recommendations:
Waiting for a possible long term sell order towards 1.0755.
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.
