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Wait | 10 Agustus 2020

10 Agustus 2020, EUR/USD

Wave Analysis

Last week, the last impulsive wave (v) failed to break above the end of the impulsive wave (iii). As long as the price remains below the end of the impulsive wave (iii), we're expecting a possible correction to the lower side, ideally, we are expecting the impulsive wave (v) to have come to an end, that the current bearish price rally is the continuation of a correction to the lower side and could see price break below 1.17051 towards 1.14730 or even lower. A break and a close above 1.1960 will give a clear buy signal.

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