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Remain short towards 1.08503.

Remain short towards 1.08503. | 11 February 2020

11 February 2020, EUR/USD

Remain short.

Wave Analysis

During the previous trading day, Euro continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains 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 1.08945 towards 1.08503 or even lower. As it on this chart, only sell positions looks ideal and can be recommended with an ultimate target around 1.08503.

Trade Recommendations:

Remain short towards 1.08503.

Bob Stan
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