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We are looking for sell positions towards 1.13555.

We are looking for sell positions towards 1.13555. | 05 October 2020

05 October 2020, EUR/USD

Waiting for a low risk sell position towards 50.0% fib level.

Wave Analysis

So far, nothing much appears to be happening on this pair, As long as the price remains below the immediate trendline, we expect a possibe long term sell position towards 50.0% fib level and could breakout much lower. The anticipated sell position is the continuation of the last impulsive (c) to the lowerside and should breakout below 50.0% fib level towards 61.8% fib level. If you are looking at this chart now, keep looking for long term sell positions with an ultimate target set around 50.0% fib level.

Trade Recommendations:

We are looking for sell positions towards 1.13555.

Bob Stan
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