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Remain short.

Remain short. | 20 March 2020

20 March 2020, EUR/USD

Remain short.

Wave Analysis

Yesterday, both the impulsive waves v and (c) continued to the lower side and even went below 1.07675. As long as the price remains below this level, we expect nothing but a possible momentum to the lower side, following the break below this level, Euro pulled back to the upper side but is now below 1.07675. While the price is held below this line, I expect nothing but a possible momentum much lower. The idea is to look for long term sell positions now with our targets set below 1.06.

Trade Recommendations:

Remain short.

Bob Stan
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