Remain short with your target at 1.17063. | 29 October 2020
29 October 2020, EUR/USD
Wave Analysis
Just as previously expected, Euro continued to the lowerside but is still above 1.17063. As it is now, we are expecting a possible rally towards this support but should not breakout any lower. If the price breaks and closes below this support level, then we will be looking at a possible scenario when the price could continue downwards towards 1.16200. On the flipside, a rebound from 1.17063 will push the price to the upperside with our first target being 1.18570 and the next target fixed at 1.19660.
Trade Recommendations:
Remain short with your target at 1.17063.
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.
