Buyers in control | 26 February 2019

26 February 2019, EUR/USD

Buyers in control

Wave Analysis

Perfectly as previously forecasted, Euro got supported around 1.13256 and is still pretty much above this level. We're waiting for a break above the hourly resistance level 1.13675 to pick a long term buy, the anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should head even higher towards 1.1500. If you're not in any position at the moment, you can wait for a clear break above 1.13675 to pick an upward position towards 1.15145, As it is, only buy positions looks more ideal and can be recommended.

Trade Recommendations:

Buy a break above 1.13675 towards 1.15145.

Bob Stan
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