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Look for sell positions towards 1.10770.

Look for sell positions towards 1.10770. | 11 September 2020

11 September 2020, EUR/USD

Look for sell positions towards 1.10770.

Wave Analysis

During the previous trading day, Euro closed as a perfect bearish pin bar below the supportive trend line. As long as the price remains below the supportive trendline, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 1.13670 towards 1.09310. If you are looking at this chart, we recommend looking for long term sell positions with an ultimate target set around 1.10770.

Trade Recommendations:

Look for sell positions towards 1.10770.

Bob Stan
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