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remain long | 31 July 2018

31 July 2018, EUR/USD

remain long

Wave Analysis:

After bouncing perfectly from the weekly support zone 1.15943-1.14593, euro has now started a rally to the upperside. While the price is contained above this zone, we expect a possible momentum to the upperside. The anticipated bullish price rally will be the unfolding of an impulsive wave count and should break above 1.22970, but should not go above 1.26120. This view can only be invalidated in case the price breaks below 1.15, and even then, we'll wait for another break below 1.14 to confirm that we're now sellers.

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remain long

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Bob Stan
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