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Expect a possible momentum towards 1.16242.

Expect a possible momentum towards 1.16242. | 01 April 2021

01 April 2021, EUR/USD

Expect a possible momentum towards 1.16242.

Wave Analysis

For the past few days, euro has been in an active down trend and is still pretty much bearish. As long as the price remains below the two alligator indicator we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below 1.17130 towards 1.16242. If the price should pullback to the upperside, then we will be waiting for a pullback towards 1.18543 and may breakout towards 1.20250.

Trade Recommendations:

Expect a possible momentum towards 1.16242.

Bob Stan
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