Remain short. | 10 February 2020
10 February 2020, EUR/USD
Wave Analysis
euro is currently trading in an active downtrend. As long as the price remains below the upper trendline and also below 1.09990, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below 1.0864 towards 1.0754 or even lower. 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 to the upper side is expects.
Trade Recommendations:
Remain short.
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.
