05 Oktober 2020, EUR/USD
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.