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Wait for a buy

Wait for a buy | 02 April 2018

02 April 2018, EUR/USD

Wait for a buy

Wave Analysis:

Euro is still conslidating above the key support zone 1.2149 but is not showing any signs of breaking below it. As long as the price remains above 1.2149, we expect a possible momentum to the upperside. On the daily chart above, we're waiting for a decline towards 1.2149 to buy the next impulsive wave (5) towards 1.2925. This vie wcan only be invalidated in case the corrective wave (4) goes below 1.2149, if this being the case, then we expect a possible bearish rally towards 1.1587, and may break lower.

Trade Recommendatiion

Buy the impulsive wave (5) at 1.2149 towards 1.2925

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Bob Stan
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