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Waiting for a low risk sell order.

Waiting for a low risk sell order. | 25 March 2020

25 March 2020, EUR/USD

Remain short with your first target around 1.05575.

Wave Analysis

Yesterday, Euro pulled back to the upper side but is still below 1.07951. At this point, we are much more interested in sell orders, while the price is not able to successfully close above 1.07951 I recommend looking for long term sell orders with an ideal target around 1.05575. If you are on this chart, I recommend looking for sell orders towards 1.05575, alternatively, you could wait for a break below 1.06290 to pick low risk sell orders towards the target level 1.05575 and could head much lower.

Trade Recommendations:

Waiting for a low risk sell order.

Bob Stan
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