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We're long

We're long | 25 July 2018

25 July 2018, EUR/USD

We're long

Wave Analysis

Despite the previous week's bullish pin bars, euro is yet to show any clear moves to the upperside. We expect the downward rally that has dominated this week to be a mere correction but should not close below the previous week's opening price. If you're not already in a long position, you should wait for further retracements to look for long positions with an ultimate target at 1.23400. The anticipated bullish price rally will be the continuation of an impulsive wave cycle and may breakout above 1.23400.

Trade Recommendations:

We're long towards 1.23400

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We're long

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Bob Stan
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