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Remain short with your target at 1.08095.

Remain short with your target at 1.08095. | 18 March 2020

18 March 2020, EUR/USD

Remain short with your target at 1.08095.

Wave Analysis

Euro is currently in an active down trend. The corrective three wave cycle went much lower than expected and even went below 1.09280. As long as the price remains below this level, we expect nothing but a possible momentum to the lower side. While the price is held below the alligator indicator, I expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of both the impulsive waves (v) and (c) and should break below 1.08095.

Trade Recommendations:

Remain short with your target at 1.08095.

Bob Stan
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