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We're sellers. | 23 September 2020

23 September 2020, EUR/USD

Look for sell positions towards 1.13753.

Wave Analysis

Just as previously anticipated, the impulsive wave (c) continued to the lowerside and is still pretty much bearish. While we continue to see sustenance below the lower trendline, we expect nothing but a possible momentum to the lowerside. This expected bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should breakout below 1.13753. If the price again pulls up and closes above the lower trendline, then we may see a rise towards the upper trendline or 1.20330.

Trade Recommendations:

Expect a possible momentum towards 113753.

Bob Stan
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