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Remain short with your target at 1.06295.

Remain short with your target at 1.06295. | 21 April 2020

21 April 2020, EUR/USD

Remain short with your target at 1.06295.

Wave Analysis

Euro continues to the lower side perfectly in line with the previous day's forecast, we expect further momentum to the lower side and should break below 1.06295. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 1.06295 towards 1.05105. This view will only be rendered futile in case the price breaks and closes above 1.11195, if this is the case, then further momentum to the upper side is expected with an ideal target around 1.14835.

Trade Recommendations:

Remain short with your target at 1.06295.

Bob Stan
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