Waiting for a possible long term sell order from 1.09230. | 26 February 2020
26 February 2020, EUR/USD
Wave Analysis
Euro continues to correct itself to the upper side but should not go beyond 1.09230, the anticipated bullish price rally is the continuation of the corrective three wave cycle and could see price break above the level 1.08940 towards 1.09520. According to the weekly charts and the daily charts, this pair is downwards, therefore, holding onto a buy position, or looking for a buy on this pair is not the best choice, instead, we are waiting for possible long term sell orders towards 1.07780.
Trade Recommendations:
Waiting for a possible long term sell order from 1.09230.
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.
