Remain short with an ideal target around 1.0444. | 13 Februari 2020

13 Februari 2020, EUR/USD

Remain short with an ideal target around 1.0444.

Wave Analysis

During the previous trading day, Euro continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the previous days highest high, we are looking for possible long term sell orders. The idea is to wait for corrections to pick possible low risk sell orders towards 1.0444, As it is now, we are in a sell we took during the previous trading day, we are holding onto a sell we took previously, with our target fixed at 1.0444.

Trade Recommendations:

Remain short with an ideal target around 1.0444.

Bob Stan
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