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Wait for a clear buy from 1.12471.

Wait for a clear buy from 1.12471. | 18 March 2019

18 March 2019, EUR/USD

Wave Analysis

Perfectly as previously forecasted, Euro pulled back to the upperside and is now above the line 1.12471. This is a key monthly line and as long as the price remains above it, we expect a possible move to the upperside. As it is, we're waiting for a clear sign that the corrective wave (b) has ended so that we buy the last impulsive wave (c) to the upperside. The key lines to focus on this pair include 1.07330, 1.12471 and 1.22033. A good sell is from 1.22033 or below 1.12471. A bounce from 1.12471 is a good buy point.

Trade Recommendations:

Wait for a clear buy from 1.12471.

Bob Stan
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