Remain short with your first target around 1.05575. | 23 Maret 2020

23 Maret 2020, EUR/USD

Remain short with your first target around 1.05575.

Wave Analysis

During the previous trading week, euro declined massively to the lowerside and even went below the level 1.07951-1.07818. Following the break below this zone,we expect nothing but a possible momentum to the lowerside, the anticipated bearish price a rally is the continuation of the impulsive wave (5) to the lowerside and should break below 1.06190 towards 1.05575 or even lower. This view can only be invalidated in case the price breaks and closes above 1.07951, if this is the case, then further move to the upper side is expected.

Trade Recommendations:

Remain short with your first target around 1.05575.

Bob Stan
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