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Flat | 26 March 2018

26 March 2018, EUR/USD

Flat

Wave Analysis:

After a massive momentum to the upper side during the past year, euro is not showing any signs of continuing to the upperside. Instead, this pair continues to consolidate within a tight range, not going above 1.2570 or below 1.2210. As long as the price remains within this range, we're only intrested in trading reversals, however, any clear break out of ths range will call for breakout trading depending on the direction of the trade. At the moment, we're waiting for a break above 1.2570 to cofirm a possible bullish price rally towards 1.35.

Trade Recommendation:

Flat

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Bob Stan
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