Remain short towards 1.11800. | 10 July 2020
10 July 2020, EUR/USD
Wave Analysis
During the previous trading day, instead of continuing upwards towards 1.14030-1.13902. As long as the price remains below this zone, we are looking for a possible momentum to the lower side and should go break below 1.12415 towards 1.11800. And should the price break and close above 1.14030 then this will be a good place to consider a possible long term buy position towards 1.15145 or even higher. As it is now, look for low risk sell positions with an ideal target mentioned above 1.11390.
Trade Recommendations:
Remain short towards 1.11800.
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.
