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We're still within our buyers territory

We're still within our buyers territory | 05 July 2018

05 July 2018, EUR/USD

We're still within our buyers territory

Wave Analysis

Despite the bullish pin bars seen for the past two weeks, Euro is yet to make any significant move to the upper side. Instead, euro corrected itself to the lower side but is still above 1.16067-1.14595. This pair is still pretty much within our buyers territory and while this zone protects the lower side, we expect a possible momentum to the upper side. The anticipated bullish price rally is the unfolding of an impulsive five wave cycle but should not go beyond the weekly resistance level 1.24910. This view can only be invalidated in case the price breaks below 1.14595.

Trade Recommendations:

We're still within our buyers territory

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