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Rebuy euro from 1.12471.

Rebuy euro from 1.12471. | 07 March 2019

07 March 2019, EUR/USD

Wave Analysis

After barely touching the monthly support level 1.12471, euro is currently retreating to the upperside. As long as the price is above 1.12471, we're looking for a possible buy position towards 1.22033. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should try breaking above the upper trendline towards 1.22033. As it is, only buy positions looks more ideal, but should price break below 1.12471, then this will be an ideal place to look for long term sell order towards 1.07330.

Trade Recommendations:

Rebuy euro from 1.12471.

A lot of interesting information on the webinar!

Bob Stan
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