02 Februari 2021, EUR/USD
Wave Analysis
Euro is currently in an active corrective mode. If the price can break and close below the 38.2% fib level, then further momentum much lower is expected towards 50.0% fib level. A rebound from 38.2% fib level or 50.0% fib level will mean we are looking for a possible buy position expecting a continuation to the upper side towards 23.6% fib level and may continue much higher towards 1.23370. On the flip side, should the price break and close below 50.0% fib level, then further momentum much lower is expected.
Trade Recommendations:
Wait
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