EURUSD – March 20th, 2020

EUR/USD, 12Hours chart. There’s no much change. The bullish outlook remains in force. Wave (B) has finished as a flat pattern, so the current decline is likely wave (C) of ((B)). If correct, we’re about to have the beginning of a massive bullish market. The main critical level for this scenario is 1.0335.

EUR/USD, 45Minutes chart. It seems like a bearish impulse in wave (C) might have been in place. Moreover, there’s an upward price movement, which supposes to be the first wave. Wave ((ii)) is almost over, so there’s an opportunity to have a third-wave rally in the coming hours. In this case, the price is going to break 1.0830 shortly.

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