Remain short with an ultimate target around 1.07565. | 04 February 2020
04 February 2020, EUR/USD
Wave Analysis
During the previous trading day, Euro continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the upper trend line, we are waiting for a bounce from the level 1.11135 to pick a possible 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 1.09350. A break below this level will push the price much lower towards 1.07565.
Trade Recommendations:
Remain short with an ultimate target around 1.07565.
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.
